The ‘Elon Effect’ shows how opinion leaders shape the FinTech market By Cointelegraph
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© Reuters The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or uplift entire markets with their content and takes.
In 2021, Elon Musk could send the price of the famous memecoin (DOGE) up by 50% with just a single tweet. He still has a lot of power over the crypto markets, and several people in the cryptocurrency world and traditional finance have accused Musk of manipulating the cryptocurrency market with just a few tweets.
Vladimir Gorbunov is the founder and CEO of Choise.com. He previously worked as the CEO of Workle, an internet-based sales and servicing platform. He graduated from Finlandia University with an International Business Degree.
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© Reuters The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or uplift entire markets with their content and takes.
In 2021, Elon Musk could send the price of the famous memecoin (DOGE) up by 50% with just a single tweet. He still has a lot of power over the crypto markets, and several people in the cryptocurrency world and traditional finance have accused Musk of manipulating the cryptocurrency market with just a few tweets.
Vladimir Gorbunov is the founder and CEO of Choise.com. He previously worked as the CEO of Workle, an internet-based sales and servicing platform. He graduated from Finlandia University with an International Business Degree.
Continue Reading on Coin Telegraph
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