A study from the University of Georgia (UGA) reveals that social media users are more likely to invest in cryptocurrency.
Approximately half of social media users surveyed had invested in crypto, compared to just 10% of non-social media users.
YouTube, Reddit, and X users demonstrated the highest investment rates, while Instagram users showed less interest.
The study suggests the need for increased media literacy education and the importance of evaluating one's financial goals when making investment decisions.