In 2018, there were more than 100 million tweets mentioning Bitcoin in 2021. How will the currency fare in 2020? A lot of people believe it’s at a turning point as new regulations are enacted and adoption rates are on the rise.
The “crypto news tweets” is a topic that has been on the forefront of technology for some time. In 2021, there were more than 100 million tweets mentioning Bitcoin.
More than only Bitcoin’s price has risen as a result of this year’s bull run. As the world’s most valuable cryptocurrency drew closer to its all-time high, all eyes appeared to be on Bitcoin.
This is particularly clear when looking at social media postings, which reveal a significant rise in the amount of public attention it received this year.
In 2021, there were 101 million tweets including the phrase “bitcoin,” according to statistics from analytics firm Visibrain.
This is a 350 percent increase over the amount reported in 2020.
From January 2009 to December 2021, the number of tweets using the phrase “bitcoin” was graphed (Source: Twitter)
The rise in the number of individuals becoming aware of cryptocurrency in general might explain the steep spike in social media attention Bitcoin has received over the last year. The market’s massive changes, on the other hand, might be a key contributor. Every month this year, the crypto sector has been slammed by huge news that has substantially influenced Bitcoin’s price. Social media was ablaze with mentions of Tesla’s $1.5 billion BTC acquisition at the start of February. Another rise in mentions occurred in March, when the firm revealed it would take Bitcoin as payment.
When it banned BTC transactions two months later, the dramatic surge was exceeded. Another social media avalanche erupted when Chinese Bitcoin miners left the country in the same month.
In 2021, a graph depicting the events that correspond to surges in “bitcoin” mentions on Twitter is shown (Source: Twitter)
El Salvador’s drive to make Bitcoin a legal money dominated the summer, garnering the same level of media attention as the law’s passage in September.
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The “There were more than 100 million tweets mentioning Bitcoin in 2021” is a statistic from the “shaurya malwa“. The article also talks about how Bitcoin has been around for ten years and that it is becoming more popular.
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