Before You Trust Another Crypto Guru, Read This Study's Results
Portfolio Pulse from Murtuza Merchant
A new study by scholars from Indiana University, Harvard Business School, and Texas A&M University reveals that tweets from crypto-influencers initially boost cryptocurrency prices but lead to significant negative returns in the long term. The study highlights the potential for conflicts of interest and supports regulatory concerns about social media influencers misleading investors.
May 16, 2024 | 4:27 pm
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NEGATIVE IMPACT
The study indicates that tweets from crypto-influencers can initially boost the price of Dogecoin but lead to significant negative returns over the long term.
The study's findings suggest that while Dogecoin may see an initial price increase following influencer tweets, the long-term returns are negative, indicating potential risks for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The study reveals that tweets from crypto-influencers can initially increase the price of Shiba Inu but result in significant negative returns in the long term.
According to the study, Shiba Inu may experience an initial price surge following influencer tweets, but the long-term returns are negative, posing risks for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80