TikTok video’s credibility and authenticity of information are queried.
Collapse of FTX led to the questioning of many celebs and influencers.
Most youngsters consume cryptocurrency’s latest update from TikTok. Credibility and authenticity of the video information are placed under the question mark. TikTok is the most popular video-streaming social platform for teens and young adults. Also, a fill-in encyclopedia among its audience is the crisp and short information videos.
We can see millions of followers for TikTok influencers, and the reach and familiarity usually make us forget the deep information they share. Recent studies depict the shocking news that one out of three influencers is providing untrue or false data.
The crypto world has witnessed even celebrities and global icons get into trouble for promoting or expressing support for specific cryptos. Examples of such incidents include lawsuits against Elon Musk, Kim Kardashian, NBA legend Shaquille O’Neal, and so on.
Popular hashtags among the crypto TikTok influencers are crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading and cryptoinvesting. Such activities of spreading fake news in the medium are also one of the reasons for many countries to ban the app.
Even during the collapse of the noteworthy crypto exchange FTX, many celebs and influencers were pulled out. So, the crypto experts’ advice for beginners is to “Do Your Own Research” in various sources before jumping into investment. Additionally, cross-verifying any online information is also a must.