On October 5th, Ki Young Ju, founder of CryptoQuant, posted on social media that "since the invention of the Internet, the influence of social media on financial marekt has become more and more religious. Elon Musk's Tesla, Satoshi Nakamoto's Bitcoin, and various crypto communities are typical examples.
Companies are scrambling to enter social media in an attempt to form religious communities full of blind faith. However, not everyone can be a prophet. Most have failed to attract followers. Especially in the crypto space, if internal efforts to expand their influence fail, they may hire opinion leaders (KOLs) externally to create false beliefs. Only a very few projects have succeeded at this point.
The influence of social media on financial marekt will continue to grow. Since the community is made up of people, this religious color will also deepen. I believe that understanding how religion works will help to understand the future of financial marekt. "
CryptoQuant founder: The impact of social media on financial marekt will continue to grow, Bitcoin is a prime example
2024-10-05 11:58:03
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