One week after the Bitcoin rewards halving, traders are talking extra positively concerning the coin than they ve at any level over the past 2.5 years in line with crypto knowledge firm The TIE.
Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May 18, locution the 30-day common daily thought rating the variety of optimistic evaluations in relation to the variety of damaging evaluations of Bitcoin (BTC) is the very best the corporate has ever recorded.
Bitcoin s thought (30 day common) is the very best that we have now recorded since 2020.
30 day common tweet volumes on Bitcoin are in addition at 2020 highs. pic.twitter.com/A1IXRaeIPo
The TIE (@TheTIEIO) May 18, 2020
In addition, 30-day common tweet volumes for BTC have been in addition at an all-time excessive for 2020. On May 17, there have been 31,111 tweets concerning the cryptocurrency with phrases together with Bitcoin, gold, trading, and halving. Even creator JK Rowling and tech mogul Elon Musk have been excessive inside the rankings, because of Rowlings May 15 Bitcoin inquiry on Twitter and Musks response.
Bitcoin mentions driving worth up?
Frank expressed this knowledge made the market look extremely optimistic about Bitcoin, with the overwhelming majority of phrases utilized by traders on Twitter on May 18 as optimistic. Even pre-halving, The TIE discovered a moderately strong and positive correlation between mentions of Bitcoins halving and the assets worth.
According to The TIE, piece the Halving stiff a positive point of conversation for BTC, the digital gold narrative is reemerging as the dominant narrative for the coin during this time of extreme economic uncertainty.