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Research Says a Significant Portion of TikTok Videos on Crypto Are Misleading

A recent survey found that more than one-third of TikTok crypto influencers, the most popular social media platform among the younger demographic, have shared false information about buying Bitcoin and other cryptocurrencies. The majority of TikTok’s active users are young individuals, some of whom are beginning to think about money management. An estimated 70% of users, according to estimates from earlier this year, were below 34 years of age, making them easy prey for tricks and scams because they lacked expertise.

According to the DappGambl study, a lot of influencers spread unreliable information regarding cryptocurrency investments, frequently attempting to lure naïve viewers into spending their…

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CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

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