Source: Adobe / mehaniq41
Young South Korean cryptocurrency enthusiasts will eschew YouTube, once their favorite resource for crypto investment advice and token-related discussions in favor of TikTok-powered cryptocurrency creators.
Gen Z investors are increasingly looking to broaden their horizons by investing their part-time salaries in cryptocurrency and equity investments, relying on a combination of ‘cheap tutorials’ and videos on TikTok,’ says Chosun.
Janet Cho, an IT reporter based in Seoul, told Cryptonews.com that most South Koreans who turn to social media platforms for cryptocurrency were “just playing” or “killing time” with apps like TikTok or YouTube, but added:
“Of course, some people try to get real business advice from there. But in reality, there are so many scams and attention seekers out there that you must be very good at separating wheat from chaff if you are still looking for great advice on how to buy stocks or exchange cryptoassets. “
Cho added that he “can only hope” that young people will enter sites like TikTok “armed with great skepticism.”
Cryptonews.com plunged into the world of Korean-language TikTok cryptocurrencies and found a clearly heterogeneous group of users, some bragging about their commercial success and some claiming to be sharing “no fraud” and “not illegal.” “Ways to get free tokens like Bitcoin (BTC).
Dragged into the crypto chaos, however, there were more level-headed souls that preceded all of his trading videos, with caveats like “Make 100% investment at your own risk.”
Crypto YouTube appears to remain a major asset, however many crypto, investment and financial content creators appear to continue to expand the platform.
Joseon recounted the case of a 21-year-old student who, after receiving his first paycheck for a part-time job, quickly turned the tide by saying:
“I decided to invest after seeing content posted on TikTok these days. There are a lot of people [como yo] they also get their financial and investment information from TikTok. “
– Ripple and YouTube end legal battle
– Bryce Hall TikTok Star “25 Million” Jumps On The Train With Bitcoin Sauce
– XRP Crypto Scammers Hijack Over 2.5 Million YouTube Sub-Accounts, Launch Live Streaming
– YouTube crypto users come back from self-exile when YouTube admits a mistake
– Bitcoin, Ethereum and Co have ample opportunity to take control of TikTok