"Free of politics and human error” The imaginative values of cryptocurrency in algorithmically curated YouTube content

Open Access
Authors
Publication date 21-03-2024
Edition v1
Number of pages 37
Publisher SocArXiv
Organisations
  • Faculty of Social and Behavioural Sciences (FMG) - Amsterdam Institute for Social Science Research (AISSR)
  • Faculty of Humanities (FGw) - Amsterdam Institute for Humanities Research (AIHR) - Amsterdam School for Cultural Analysis (ASCA)
Abstract
In less than two decades, cryptocurrency has transformed from being an object of interest for an obscure online community to becoming a globally desired digital asset. By acknowledging the importance of fictional expectations in the creation of economic value, this study delves into the various imaginative values that are being attributed to cryptocurrency. Through quantitative-qualitative coding of YouTube video transcripts (N: 1929), combined with Exploratory Factor Analysis, this article maps out which imaginaries on crypto are being disseminated by the YouTube algorithm. The latter is conceived not as a passive source of information but as a performative market device, steering consumer behavior. This study identifies four distinct imaginaries to which cryptocurrency consumers are exposed: investment, utility, digital metallism, and infrastructural mutualism imaginary. These shed light on the potential value consumers attribute to cryptocurrencies while opening new research avenues towards a better understanding of the different positions within the market.
Document type Preprint
Language English
Published at
https://doi.org/10.31235/osf.io/edcnf (Final published version)
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