Cryptos: Taxi drivers, celebrities and a Portuguese news channel — this is where some crypto investors heed their advice

Where do you get your information when buying and selling cryptocurrencies? With digital tokens creeping into mainstream finance, there is now an abundance of information and research notes and troves of data.

However, a recent survey conducted by U.K. regulator the Financial Conduct Authority, or FCA, found that some retail investors were heeding advice from unconventional and even alarming outlets.

“Despite this lack of understanding, the cryptoasset owners interviewed were often looking for ways to ‘get rich quick’ citing friends, acquaintances and social-media influencers as key motivations for buying cryptoassets,” the FCA said in its report.

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