How The Top 4 Social Media Platforms Treat Bitcoin and Cryptocurrency

[Rockalo]

Social media can cause digital currency price fluctuations, for better or worse. For instance, the trending news about a big cryptocurrency exchange hack can cause a massive fall in token value. CoinIdol, a world blockchain news outlet, researches how the top 4 social media treat cryptocurrency and blockchain.

Facebook
Currently, Facebook (FB) is the largest social media site in the entire globe. As of 2020, the giant had over 2.6 billion monthly active users. Generally, almost every social media user has an account on Facebook. Several companies, people and brands use this platform to market their products to an immense audience.

When it comes to cryptocurrency, Facebook planned to roll out its own cryptocurrency called Libra in January 2021 but up to now, the target has not yet been achieved. The social media platform had originally planned to roll out the proposed  Libra and wallet over the summer of last year. More information: please click here