The need for financial education in the face of the social media and cryptocurrency phenomenon

Purpose – is to provide evidence of how social networks act as an indispensable channel in the cryptocurrency phenomenon and its public perception, analysing the context in which it occurs, as well as the patterns followed and the most commonly used channels. Research methodology – this article...

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Main Authors: Sonia Martin Gomez, Angel Bartolome Muñoz de Luna
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2025-01-01
Series:Business, Management and Economics Engineering
Subjects:
Online Access:https://journals.vilniustech.lt/index.php/BMEE/article/view/20296
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author Sonia Martin Gomez
Angel Bartolome Muñoz de Luna
author_facet Sonia Martin Gomez
Angel Bartolome Muñoz de Luna
author_sort Sonia Martin Gomez
collection DOAJ
description Purpose – is to provide evidence of how social networks act as an indispensable channel in the cryptocurrency phenomenon and its public perception, analysing the context in which it occurs, as well as the patterns followed and the most commonly used channels. Research methodology – this article explores and provides evidence on the relationship between cryptocurrencies and social networks through the use of digital social listening tools, exploring data retrieved from the most prominent social networks, as well as websites, forums and blogs. Findings – the urgent need to provide an adequate level of financial education in the digital economy.  Research limitations – the study should be carried out by age segments to assess whether it is only a problem of the younger population, which are the habitual users of social networks.  Practical implications – the cryptocurrency user or investor is aware of the existing risks associated with cryptocurrencies, especially among the young population, without underestimating the influence that social networks have had and continue to have on the perception and acceptance of digital currencies, and even on their popularity. Originality/Value – investing in cryptocurrencies requires social responsibility on the part of institutions, demanding adequate legislation and financial training for potential investors.
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institution Kabale University
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spelling doaj-art-26a69d3928904e4992c6f8d3348f962c2025-01-30T16:30:19ZengVilnius Gediminas Technical UniversityBusiness, Management and Economics Engineering2669-24812669-249X2025-01-0123110.3846/bmee.2025.20296The need for financial education in the face of the social media and cryptocurrency phenomenonSonia Martin Gomez0Angel Bartolome Muñoz de Luna1University San Pablo-CEU, CEU Universities, Madrid, SpainUniversity San Pablo-CEU, CEU Universities, Madrid, Spain Purpose – is to provide evidence of how social networks act as an indispensable channel in the cryptocurrency phenomenon and its public perception, analysing the context in which it occurs, as well as the patterns followed and the most commonly used channels. Research methodology – this article explores and provides evidence on the relationship between cryptocurrencies and social networks through the use of digital social listening tools, exploring data retrieved from the most prominent social networks, as well as websites, forums and blogs. Findings – the urgent need to provide an adequate level of financial education in the digital economy.  Research limitations – the study should be carried out by age segments to assess whether it is only a problem of the younger population, which are the habitual users of social networks.  Practical implications – the cryptocurrency user or investor is aware of the existing risks associated with cryptocurrencies, especially among the young population, without underestimating the influence that social networks have had and continue to have on the perception and acceptance of digital currencies, and even on their popularity. Originality/Value – investing in cryptocurrencies requires social responsibility on the part of institutions, demanding adequate legislation and financial training for potential investors. https://journals.vilniustech.lt/index.php/BMEE/article/view/20296cryptocurrenciesfinancial educationsocial listeningsentiment analysissocial networks
spellingShingle Sonia Martin Gomez
Angel Bartolome Muñoz de Luna
The need for financial education in the face of the social media and cryptocurrency phenomenon
Business, Management and Economics Engineering
cryptocurrencies
financial education
social listening
sentiment analysis
social networks
title The need for financial education in the face of the social media and cryptocurrency phenomenon
title_full The need for financial education in the face of the social media and cryptocurrency phenomenon
title_fullStr The need for financial education in the face of the social media and cryptocurrency phenomenon
title_full_unstemmed The need for financial education in the face of the social media and cryptocurrency phenomenon
title_short The need for financial education in the face of the social media and cryptocurrency phenomenon
title_sort need for financial education in the face of the social media and cryptocurrency phenomenon
topic cryptocurrencies
financial education
social listening
sentiment analysis
social networks
url https://journals.vilniustech.lt/index.php/BMEE/article/view/20296
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