Cryptocurrency Ruled Reddit In 2021 Fueled By GameStop Mania

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Cryptocurrency Ruled Reddit In 2021 Fueled By GameStop Mania
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Crypto became the most-popular topic in discussion forums

showed a billboard in Times Square that had been purchased by a community member and received 431,000 upvotes. from Pew Research Center found that 23% of U.S. adult males use Reddit, compared to 12% of adult women. Meanwhile, 37% of respondents between the ages of 18 to 29 said they visited the site. Those numbers line up with another Pew survey released in November that reported 43% of men ages 18 to 29 have used some form of cryptocurrency, compared to just 16% of the general American public.

In January, users on r/wallstreetbets plotted to boost GameStop’s stock price, hurting short-sellers who were targeting the struggling retailer. The campaign, which became known as Gamestonk, was a meme with real-world effects: The stock was priced at $16.94 one year ago; as of noon Wednesday it was trading for $177.63. Cryptocurrency also skyrocketed in 2021, particularly the currencies with strong Reddit communities devoted to them.

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