Cult-like Communities Drive Success in Stocks and Cryptocurrencies
10/8/2024 7:18:14 AM
According to Ki Young Ju, successful stocks often have communities with cult-like followings, citing Tesla and Nvidia as examples where community members exhibit strong convictions. This phenomenon is also evident in the cryptocurrency market, where Bitcoin has maintained a cult-like community. Even meme coins are noted for having communities that resemble pure cults, indicating the significant role of dedicated communities in driving the success of both stocks and cryptocurrencies. (Source)
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