Paid Cryptocurrency Shilling Becomes More Apparent, Reuters Claims • Live Bitcoin News

A lot of dubious trends can be associated with cryptocurrency. The paid promotion associated with specific projects has raised numerous questions. It now seems most self-professed crypto asset experts will gladly offer positive reviews for a fee. That is a worrisome situation, as this “paid shilling” skews information for investors.

Cryptocurrency Shilling for Money

The cryptocurrency industry allows many new business models to thrive. In most cases, those jobs are perfectly legitimate. One new trend identified by Reuters is of particular concern, however. Companies can effectively hire self-professed ‘experts’ to write positive reviews about their crypto assets. This is usually done in exchange for a financial payment. It is not a business model unique to cryptocurrency, albeit one that can have major consequences.

Any influencer in the cryptocurrency industry can be a viable asset for new projects. As such, they often seek people for “shilling” purposes. This model…