31% of new crypto buyers influenced by friends. Here’s why that can be 'a horrible idea,' advisor says
Publishing timestamp: 2023-04-28 14:23:00
Summary
A recent study found that 31% of new cryptocurrency investors in 2022 bought digital assets based on a friend's suggestion. While this can be a positive thing, it can also be risky if investors don't understand the risks and volatility of cryptocurrency or how it fits into a diversified investment portfolio. Experts warn that friends and social media influencers may not be reliable sources of information, and investors should do their own research before making any investment decisions.
Sentiment: MIXED
Tickers: BTC.CM=,
Keywords: lee baker, cfp, bitcoin/usd coin metrics, personal finance, bitcoin, business news,