Should you trust Crypto Twitter? The research examines the influence of influence

A new study casts doubt on the effectiveness of crypto influencers on Twitter in influencing investment returns. The research found that although there were initial short-term gains, these returns quickly evaporated. The study examined tweets from 180 prominent cryptocurrency influencers over two years and revealed that their tweets It may not be a reliable source for market participants. The study raises concerns about biases within “crypto culture” and the potential for conflicts of interest. The research underscores the need for investors to exercise caution and conduct due diligence before making constructive investment decisions

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