Science Behind Crypto Misconceptions: Confirmation Bias
https://safu.im/twRNQ8Ci


Main Takeaways:

Confirmation bias causes us to seek out information that reinforces our pre-existing beliefs, often ignoring evidence that contradicts them.

This bias significantly reinforces both everyday and crypto-related false beliefs ranging from “moon landing was faked" and “cryptocurrency is solely used for illegal activities.”

Other biases work together with confirmation bias, creating a cycle that distorts our perception of facts.