The Social Media Investment Boom: How Young Traders Follow Influencers to Success
Social media influence is a really big thing in this modern world as everything is easily available on social media platforms as influencers are making sure that there is enough content that every single person is looking for and they're making it for themselves only as the demand of literally everything is souring with every passing day and to cater to that demand there are a lot of influences for creating content in that particular category.
This new trend of following almost everything from social media has made a lot of changes in the decision-making power of people as well as the is of access in terms of getting social media available is very easy making it available to a very young audience as well as making a lot of demographic changes in a lot of fields which were not seen previously as they are considered to be something which is being participated in by a mature audience for sure.
If you talk about investments and these financial markets then it is more specifically or at least it is thought to be something that requires a lot of knowledge and more often than not it is subjected to people who are having enough knowledge and are quite mature and having that proper age but in this modern world there is a very big demographic shift if you talk about the numbers in terms of the investors that are coming on the market from the last few years or about the last couple of decades.
Talking Generation Z or Gen Z are more likely to be engaging in copy trading especially in cryptocurrencies in this Era as social media is to be considered a very big reason for this change rather than people who are of quite a bit of age to exist in the market and the young population in this market is relatively higher than the people who are above the age of 25 if we talk about numbers.
These young Crypto investors are more likely to be engaging in activities like trading, especially in an attempt to kind of mirror the trading activities they see online as well as someone else doing the trades they can see on the social media platform or sharing their tips to be doing a particular trade in a particular manner. This is why social media has allowed the entrance of a very young investor base in the market of cryptocurrencies.
As per a report by Bitget, they have revealed that over 44% of their copy trading is done by investors whose age is below 25 which is a very interesting number to be precise as this much of young Crypto investors are in the market and that only just basically on a single exchange rather than the entire market if it talks about the entire market it is going to be a lot higher than that and the number is going to be a staggering one.
Source - Bitget Report
So many young investors in Planning towards copy trading is going to be revealed one the reason why is just because of the influence of social media influences who are working in this sector and making content and sharing their tips as well as also sharing the methods that they can trade in with the usage of their techniques and trying to copy that people or these young people are trying to be mirroring the trades and the results that they have achieved.
Another report by FINRA Foundation has revealed that cryptocurrencies are one of the most popular investments for Gen Z and it can be credited to the fact that it is always in the news as well as also something that has newly emerged and the volatility that it has to offer is something else that nothing in the market can match and making sure it is something that a lot of people do continuously keep talking about and making it one of the first choice for people who are young and want to make those results quickly as possible.
This activity or this thing which is happening is a very clear indication that how perfectly or how immensely the social media aspect is controlling our lies even young Minds are also getting influenced by everything there is happening around them on the social media platform that they do continuously keep themselves engaged with and this is not just happening on the young population it also gets affected to the people who are much well but at the same time if you talk about the enormous numbers which have been thrown in terms of this demographic shift in an activity which is similar to investment which was subjected to be something is getting overtaken by young people is certainly a topic that needs to be talked about quite a lot.
Social media is definitely a very powerful tool and it has the potential to continuously keep on influencing the decisions that we make as well as early single aspects of our life it has that ability to change our perception about something and also influences the decisions we may make sure that we do fall for something that we might not have fallen otherwise and which is because we need to be extra careful about everything that we see on the social media platform and double check the decisions that we are about to make even based on the influence of everything around ourselves without it too.
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Posted Using LeoFinance Alpha