In brief:
Bitcoin and Crypto investors have long used Telegram as the defacto platform for all their investing and trading discussions. Telegram Messenger has long been seen as a logical home for members of the crypto-verse primarily due to the end-to-end encryption of messages on the platform.
Additionally, Telegram has a bunch of features that suit the Bitcoin and Crypto investor’s needs. They include and are not limited to the following:
It is with this brief background of the Telegram application that the team at Amun has explored the usage of the application in their 2020 Derivatives and Tokens Benchmarking Survey. In the report, the team at Amun concludes that 58.89% of Bitcoin and crypto investors get their news via Telegram Messenger.
Other social media platforms used by the crypto community include Twitter, Youtube, Blogs, Reddit and Newsletters. The chart below from Amun provides a better visual representation of the usage of each platform.
The methodology used by Amun involved surveying 629 participants from a closed network that were paid between $1 – $10 for their efforts. Additionally, participants from the US, Switzerland and Seychelles were excluded from the survey. However, the team at Amun acknowledged the possible incompleteness of the data and promised to improve with time.
As such, we are aware that the results of this study do not represent the entire community. This survey is the first of a much wider effort to understand our industry better and, whilst not perfect, we hope that the results and our findings are useful.