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X and YouTube favored by investors for crypto news, study shows – crypto.news

Posted on August 22, 2024 By Crypto News Expert
A new survey from CoinGecko reveals that X, Telegram, and YouTube are the top platforms where the crypto community gets their news and updates.

Crypto investors tend to favor social media platforms for their news, with X, YouTube, and Telegram leading as their top sources of information. According to a study conducted from June 25 to July 8 by CoinGecko, the three platforms collectively account for 84% of where crypto enthusiasts get their information.

> "Where do people get crypto news? 📰"
> Our recent survey reveals that most of the crypto community consume their news from social media platforms, rather than from news websites. While X, YouTube and Telegram are primary sources for 73.8% of respondents, only...

Crypto users tend to get updates from social media

Although X is the most popular platform overall, less than half (41.7%) of its users consider it their primary social media space for crypto discussions.
> "Crypto Discord was the primary social media platform for 6.8% of participants, slightly ahead of Reddit at 4.5%. This might be because Discord and Reddit are more widely considered as supplementary platforms."

The survey included 2,558 respondents, revealing that nearly 70% identified as long-term investors, while others were short-term traders or builders.
Most participants (90%) were based in Europe, Asia, North America, and Africa, with the rest located elsewhere.

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