Some channels also offer ’shopping lists’, thereby promoting specific coins and tokens. Over a six-month period, researchers from NBS and the University of Klagenfurt in Austria watched more than 1,000 videos released by cryptocurrency-focused YouTube channels with more than 200,000 subscribers.Īlthough all crypto YouTubers stress that they never provide financial advice, they often advertise coins as being ’gems’ or a ‘100x’ token – a coin which has the potential to increase in value by up to 100 times. Investors are advised to proceed with caution when watching YouTube for cryptocurrency investment advice
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