The rise of crypto; Social media influence

Social media has become a part of our everyday lives, and no matter how much we try to communicate its disadvantages to the young community, let us discuss the platform that ushered in the first bitcoin trade.

Social media played a pretty big role in circulating first-hand information about bitcoin at the time of creation when the first bitcoin transaction was made through the order of pizza for 10, 000 BTC.

Social media influence

Social media is unarguably a marketplace of ideas, sales of products, services, and what-nots. This media has embedded itself into the DNA of over 90% of the world’s population and is now widely accepted as an influencer tool that has no doubt yielded good fortune.

Conversations on Facebook, Twitter, and other platforms now make up assumably 80% on a daily basis. From blog posts to web articles, there’s always something to say about bitcoin and its properties.

Today, Bitcoin is a big deal, and social media contributes to amplifying its value. Just like people influence brands, the same applies to the value of bitcoin. Facebook, Twitter, and Reddit users converse about bitcoin every day, sharing insights, solutions, new ideas, rates, and information, which make up google trends that are accessible by the general public.

Through the advent of social media, people have set up teams on Slack and Telegram that operate cryptocurrency platforms. We have bitcoin developers, altcoin teams, bitcoin news outlets, all powered by social media. This has created a remote working environment for young people to strive.

Most of this information gets streamed to other platforms to be seen and read by all and sundry. If there’s evidence of a rise or fall, everyone is privy to the information and can bail out before experiencing a major loss.

The trend of social media influence on the crypto market has strengthened the overall value and relevance of crypto. With time, the crypto market will experience more noticeable changes and improvements if social media is utilized.

Share your thoughts on social media influence on the bitcoin trade below.

Patricia Technologies Limited is a fintech company that trades bitcoin and other cryptocurrencies.