Social Is The New Fundamentals For Crypto

The Rise of Social and Meme-Stocks

In hindsight, the meme-investing boom seems rather inevitable. When a one-in-a-generation pandemic hit the world in early 2020, governments knew that they had to do everything in their power to keep the economy operating smoothly in the face of lockdowns. This resulted in the most aggressive money-printing spree in history, with the US Federal Reserve alone adding more than $4 trillion to the global money supply. With all this new money making its way through the economy, and with many young people kept at home due to COVID-19, it’s no wonder that asset prices saw a tremendous increase over the past year.

Why community is even more important in crypto

If social data and sentiment matters in equity investing, it is absolutely crucial to understand when it comes to crypto markets. Since the dawn of the Bitcoin era, the success of cryptocurrency has depended largely on its ability to gain virality and generate positive sentiment amongst a strong community. Bitcoin itself has transformed into a ‘master consensus’ comprising the various sub-sectors that make up its community, including developers, entrepreneurs, congressmen, mining farms, Fortune 500 companies and now nation states. Along the way, Bitcoin has built a cult of bitcoin memes.

Get The Edge on Parabolic Growth

While technology tends to progress exponentially, human beings are naturally resistant to change. Faced with a growing digital economy and the power of social media, many traditional investors choose to bury their heads in the sand and dissect market patterns with the same outdated methods used over many decades. In this context, the future of investing belongs to those savvy enough to have their fingers firmly on the pulse of social data, as well as the breakthrough methods necessary to factor that information directly into their decision-making process.

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