Examining the role of social media in fostering responsible consumption

Insights from Bitcoin Adoption trends (2015–2023)

Bibliographic Data

ID22355707
AuthorsYu Ge (0009-0007-1951-7041), Yingqiang Ge (0000-0002-3736-2377), Haochuan Wang (0009-0004-4081-5009), Kenny S L Cheah (0000-0001-9881-582X), Azni Zarina Binti Taha, A Z N I Z A R I N A B I N T I TAHA
Year2025
Volume17
Pages100266
Publication date2025-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCleaner and Responsible Consumption (JOURNAL)
Journal identifiersISSN: 2666-7843
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.clrc.2025.100266
OpenAlexW4408287231
LanguageEN
References cited38

Social media plays a critical role in influencing Bitcoin adoption trends from 2015 to 2023, acting as both an enabler and a disruptor. While platforms have enhanced public awareness of cryptocurrency, they have also fuelled challenges such as misinformation and impulsive behaviour, often undermining responsible consumption of Bitcoin as a financial tool. This dual role underscores the need for targeted interventions to ensure that the adoption of Bitcoin aligns with ethical and informed practices. To foster responsible consumption, social media platforms must address the issue of content imbalance. Algorithms that prioritize sensationalism over educational material often mislead users, steering them toward impulsive decisions. A redesign of these algorithms is essential to elevate balanced, fact-based content that empowers users to make informed choices about Bitcoin. Additionally, introducing verified content tags can serve as a vital measure to combat misinformation, ensuring that users can easily identify credible information sources. Regulatory frameworks are another cornerstone of promoting responsible consumption in the cryptocurrency space. By implementing transparency guidelines and ethical standards for influencers and content creators, stakeholders can mitigate manipulation and foster trust within the digital ecosystem. By integrating these measures, social media can evolve into a platform that not only supports Bitcoin adoption but also ensures it is guided by responsible consumption principles. Such a transformation is vital to harnessing social media's potential while minimizing the risks posed to individuals and the broader financial community

Business · Internet privacy · Social media · Social science · Sociology · World Wide Web · Blockchain Technology Applications and Security · Computer Science · Digital Marketing and Social Media · FinTech, Crowdfunding, Digital Finance · Psychology

Tools

Open DOIOpen Access