Crypto influencers often seem to repeat each others news, it does not mean that they are right...neither wrong. So what are the main reasons behind it...
FOMO (Fear of Missing Out): Influencers often want to stay relevant and engage with their audience. If a particular topic or narrative gains traction within the crypto community, influencers may feel compelled to cover it to avoid missing out on the conversation and potential engagement.
Herd Mentality: In the world of cryptocurrencies, there can be a significant amount of uncertainty and volatility. Influencers might be more inclined to repeat popular opinions or trends to align with the broader sentiment in the community. This creates a sense of safety in numbers, because going against the crowd could be risky for their credibility and influence.
Confirmation Bias: Individuals, influencers included, have a tendency to actively seek and give preference to information that aligns with their pre-existing beliefs or biases. When a prominent figure expresses a specific viewpoint, it can lead others to adopt or magnify that perspective, further fueling a self-reinforcing cycle.
Information Overload: The crypto space is vast and can be overwhelming with the constant flow of information. Influencers might rely on each other's content to stay updated and to present information in a way that is easy for their audience to understand. This can lead to a cycle where similar messages are reinforced across different channels.
Algorithmic Influence: Social media platforms and content-sharing platforms use algorithms that prioritize popular or trending content. If one influencer's content gains traction, others might be more inclined to cover similar topics to increase their visibility and reach a broader audience.
Although influencers often offer valuable insights, it's vital to recognize potential biases and external influences that may shape narratives within the cryptocurrency space. So dont forget to Do Your Own Research at all times (DYOR).