This is a classic trick from the world of manipulative advertising and marketing.
Do you know what FOMO (Fear of Missing Out) is? It's when you feel like everyone around you is buying some asset (like Bitcoin or Ethereum), and you are not, missing out on an incredible opportunity.
It is precisely on this fear that posts like 'Even Jerome Powell bought Ethereum' speculate. Of course, this is just a fabrication, but it works on a certain audience.
* Principle of social proof. If an influential person does something, it must be right. In this case, the chair of the Federal Reserve, considered one of the smartest and most informed financiers in the world, allegedly invests in cryptocurrency.
* Emotional attachment. A person thinks: 'If Powell, who manages the economy, believes in crypto, then I should too!' This triggers an emotional surge and can lead to an impulsive purchase.
* Distorted logic. Instead of analyzing the risks, studying the market, and understanding the technology, a person relies on 'authoritative' opinions that essentially have no real value.
This is a classic trick from the world of manipulative advertising and marketing. Such statements are often used to create hype and escalate the situation to attract new investors.
Before following someone's example, always do your own research. Don't let yourself be fooled!
