- Views of crypto content on YouTube have collapsed to early-2021 levels due to extreme retail exhaustion.
- Investors now seem to be abandoning speculative “stories” for more tangible returns in traditional assets like gold and silver.
- High-profile scams and the -7% return for Bitcoin from last year have severely damaged trust among casual traders.
The digital space is suddenly much quieter for fans of digital assets.
For the first time in half a decade, crypto YouTube viewership has plunged to levels not seen since the very start of the 2021 bull run.
This data came from ITC Crypto founder Benjamin Cowen, who recently tracked a 30-day moving average across all major channels. According to his findings, there has been a clear collapse in engagement over the last three months.
Understanding the Drop in Crypto YouTube Viewership
The decline in crypto YouTube viewership is widespread and visible, and creators across the board are reporting that their numbers have “fallen off a cliff.”
Well-known creators have noted that the drop-off became very noticeable in October, right around the time of the $19 billion crash. Even when prices move, the comments and likes stay flat.
This indicates that the people who usually drive the hype are simply no longer watching.
Here is a 30 day moving average of views to a lot of different crypto youtube channels.
So it’s not just X and an algorithm change.
Viewership to crypto has been dropping across platforms. pic.twitter.com/zkowe3nb3L
— Benjamin Cowen (@intocryptoverse) January 11, 2026
In the past, high volatility would bring in millions of viewers looking for quick price targets. Today, that excitement seems to have vanished.
In all, this trend proves that while big banks are now buying Bitcoin through ETFs, the everyday “retail” investor has taken a back seat.
Retail Investors Are Moving Toward Gold
One major reason for the low viewership is a change in where people put their money. Many investors had a very hard time last year. While some hoped for new highs, Bitcoin actually recorded a -7% return for the year.
Meanwhile, traditional safety nets performed much better. Gold, silver, and even rarer metals like palladium all outperformed the top cryptocurrency.
People are now choosing returns over stories. For years, crypto creators sold “narratives” about future gains that might take years to arrive.
Today, investors want immediate results. This has led to a generational change in trend where even younger traders are buying gold bars and coins. Google Trends data shows that “buy gold” searches have consistently beaten “buy Bitcoin” over the last year.
The Heavy Toll of Scams and Liquidations
Trust is a fragile thing, and in the crypto space, that too has been shattered. TikTok creator Cloud9 Markets pointed to the endless cycle of scams as a main cause for the drop.
Stop the scam pump n dumps, every “altcoin” is pretty much a ponzi, without X/yt/tiktok shills there is zero reasons for any of the tokens to exist
Retail is tired of getting rekt –
Invest in quality assets, buy index funds if u too busy, buy gold
Enough of this crypto Bs
— Cloud9 Markets (@cloud9markets) January 12, 2026
Retail traders are simply “tired of getting rekt.” Many people lost their life savings to “pump and dump” schemes with crypto tokens that had no real value to begin with. After losing money once or twice, these viewers stop seeking out new content.
A massive market shock on October 10 was also a big part of this.
This flash crash caused $20 billion in liquidations in a single day, wiping out thousands of small accounts and leaving the remaining traders in a state of “extreme fear.”
Institutional Control and Social Sentiment
While the YouTube viewership is down, the market is not dead.
Instead, it has just changed hands. Analysts believe that institutions are now the main drivers of price action. These big firms do not watch YouTube “moon” videos to make decisions.
Instead, they use professional tools and hire professional analysts. This leaves the social media side of crypto feeling like a ghost town compared to the days of 2021.