Market

100 million tweets mentioning Bitcoin in 2021, 350% more than in 2020

The strong bull runs the crypto market has seen this year drove Bitcoin price to an all-time high (ATH) of $ 69,000 on November 10, with all eyes on the world.

This becomes most evident when analyzing social media posts, which show that public interest has increased significantly this year.

Follow Data There were 101 million tweets with the word “Bitcoin” from the analytics firm Visibrain in 2021, an increase of 350% compared to 2020.

Number of tweets with the word “Bitcoin” from January 2009 to December 2021 | Source: Twitter

Bitcoin’s surge in social media attention this year can be attributed to an increase in the number of people doing general research on cryptocurrencies. Large market fluctuations can also contribute to this.

Almost every month this year, the crypto industry receives important news that has a significant impact on the price of bitcoin. Social media exploded in early February when Tesla bought $ 1.5 billion in BTC. In March, Tesla announced it would accept Bitcoin as a form of payment, which led to another spike in mentions.

The popularity was surpassed just two months later when Tesla stopped buying bitcoin. In the same month, China’s bitcoin miners saw a mass exodus that sparked another boom in social media.

Events correlating with an increase in Twitter mentions of “Bitcoin” in 2021 | Source: Twitter

The summer sparked the impetus from El Salvador to adopt Bitcoin as a legal currency, and garnered as much media attention as it did when the law was passed in September.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

CoinX

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

23 minutes ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

49 minutes ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

2 hours ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

2 hours ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

2 hours ago

This website uses cookies.