With the new record run, Bitcoin is back in the social media spotlight as well.
New analytics data for Twitter shows that interest in Bitcoin on the social network is also hitting new record highs, after the price of the market-leading cryptocurrency has now climbed well above $30,000.
In a related tweet on Saturday, crypto market researchers at The TIE reveal that the number of unique Twitter accounts posting about Bitcoin Revolution has reached a new high. This even trumped the previous record high of 64,000 accounts set during the record-breaking 2017/2018 run:
Joshua Frank, CEO of The TIE, reports to Cointelegraph even more information that suggests interest is growing, and it’s not just limited to bitcoin.
According to Frank, the number of unique accounts posting about bitcoin has actually jumped above the 70,000 mark for the first time since The TIE’s tweet. Also, the total tweet volume for Bitcoin has simultaneously pulverized the previous record set in December 2017, which was 135,000 tweets per day, by now reaching 140,000 Bitcoin tweets within 24 hours. As a result, the number of total crypto tweets has also hit a new record high, as it were, at a quarter of a million per day.
The increased interest is not unique to Twitter, however. As Cointelegraph had previously reported, the number of Google searches for Bitcoin is also increasing.
Accordingly, the search query „How do I buy Bitcoin?“ is also gaining significant popularity.
Similar searches for Ethereum, on the other hand, fail to register such an increase, although the second-ranked cryptocurrency has gained 20% in the last 24 hours.
Some voices speculate that the ongoing climb is due to „gate-crashing panic“ among institutional investors, which means that retail investors are now also falling into the so-called „Fear-Of-Missing-Out“ (FOMO).
A new tweet from blockchain company Dash has drawn criticism, as the associated cryptocurrency, previously promoted for its focus on anonymity and privacy, now emphasizes that it is similarly transparent to Bitcoin.