The volume of discussions only Bitcoin has already surpassed the scale of discussions about the shares of FANG (Facebook, Apple, Netflix and Google) combined.
Discussion around the topic of crypto currency continues to grow rapidly in the social network Twitter, said today its head of global financial data, Jared Podnos. Especially in the past year, one can observe how the discussion of the crypto-currency topic is spreading at an unprecedented pace.
"Today it is difficult to imagine a more multidirectional of the most discussed in the financial society than decentralized networks and crypto-currencies. If you think that Bitcoin will become the main component in the field of money transfers, or you think that this is just an inflated hype, then the crypto-currencies are exactly the topic that will definitely kindle a fiery controversy on your page, "said Tray.
All participate in the debate, from Goldman Sachs General Manager Lloyd Blankfein, the owner of Twitter Jack Dorsey, and to Joshua Brown CEO Ritholtz Wealth Management. One thing we know for sure: in a market where a price change with huge volatility is a habitual phenomenon, the hurricies occur on a regular basis, and rumors spread with the speed of the wind, Twitter is where you stay always up to date.
The growth of Bitcoin's discussions, depending on its price for the last year
Joe Geets, an analyst with social markets, added:
"Twitter is clearly in the lead as a platform for discussions related to monetary technology. The volume of discussions only Bitcoin has already surpassed the scale of discussions on FANG shares (Facebook, Apple, Netflix and Google) on a daily basis. We also observe the direct impact of developments in the field of cryptotechnologies on other issues related to Blochane's technology. For example, stocks of semiconductor companies Nvidia and AMD already directly depend on the growth of demand for mining technologies. And it is very good that the discussion is versatile and affects not only the topic of the crypto currency, but also a wide range of related issues. "
Next Jared Tray gives an example of his current survey on the Twitter network on the question "what are the crypto-currencies for you". And for the time being, more than 70% of the participants answered "this is the future", and only 10% believe that "this is a bubble" (the remaining 20% answered "time will show").
https://twitter.com/jpodnos/status/930829270003408896
- jpodnos