More than 1 in 3 influencers on TikTok, the most popular social media platform for young people. It has been found to post misleading videos about Bitcoin investing and cryptocurrency investing.
TikTok has gained widespread acceptance, however, some influencers have been found to share misinformation on the social media platform about crypto investments, often trying to convince unwary viewers to put their money at them. their hard-earned (or their parents) investing in crypto at risk of loss or maybe a scam
TikTok Influencers Using the ‘#cryptok’ Hashtag Found Over 1 in 3 Videos Misleading And it was found that only 1 out of every 10 cryptok accounts or videos has a user warning about the risks of investing.
Out of all, 47% of TikTok creators are pushing their service to make money. Influencers such as Kim Kardashian, Jake Paul and Soulja Boy have also been accused of promoting Cryptocurrencies to millions of fans without revealing their money.
The research also found that 1 in 3 misleading videos on TikTok mentions Bitcoin. Moreover, videos on TikTok that use popular crypto-related hashtags such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting It has accumulated more than 6 billion views.
Viewers tend to overlook the malicious intent of their favorite influencers. and end up trusting their content based solely on the high number of views or likes alone. In fact, both new and experienced investors should do a thorough research on crypto projects before investing in them. any format
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