The ‘Elon Effect’ shows how opinion leaders shape the FinTech market

following the FTX meltdown. Why? Who knows. But it’s leaving users, investors and even FTX employees confused.

Even more, some of these influencers might not even have any familiarity or knowledge whatsoever about the product/asset/coin they’re promoting. Such was the case with reality TV star Kim Kardashian, whofor promoting EthereumMax, a smart contract-enabled platform for building decentralized applications. Kardashian then had to pay $1.26 million in penalties, disgorgement and interest to the United States Securities and Exchange Commission.

Another problem with influencers that needs to be mentioned is that a lot of them can be found violating advertising rules and misleading investors with shady products/assets. In the case of India, crypto influencers are responsible for 92% of crypto ad violations.

TRUE they're potentially more dangerous than people like SBF. For sure their coherence is affected by their interest (investments, sponsorships and more) Think about ICP story, every influencer reported about it, having no idea of the facts. How many people lost money for this?

You surely alluded to the already legendary tweet of CZ_binance related to FTX. Can you still maintain, after all that happened (and what was found out later), that FTX was a responsible business or that the world lost an enormous potential in this new-born space..?.

Nah

Really!🥸

Influencers have not been a force for good anywhere

elonmusk at the moment.

Pls everyone post responsibly *joking

Fool me once, shame on me. Fool me twice....you can't get fooled again

DYOR

Lot of influencers are in OldBitcoin because they believe in the process to flip Bitcoin 💪 BC $BC

Protitutes are NOT selling the fat lies from their empty bodies 🐓💦💦💦🐓🐓🐓

Crypto needs many more tech professionals on board not porn actors and posers to increase credibilities on this industry IMO

👏👏👏👏

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