🚀In 2024, discussions about Bitcoin on platform X surged by 65%
This year, the popularity of Bitcoin discussions on social platform X (formerly Twitter) has significantly increased! Data shows that the volume of discussions about Bitcoin this year is 65% higher than last year, with over 140 million tweets posted.
Behind this surge is the growing interest in Bitcoin, particularly driven by significant market events and an active investor community.
Since the U.S. SEC approved the listing of Bitcoin spot ETFs for trading in January this year, the assets raised have rapidly exceeded $100 billion in a short period, even surpassing the assets of Bitcoin's creator, Satoshi Nakamoto.
However, the popularity of Bitcoin has not always been this high. In February, the interest declined, but in November, after Donald Trump was elected President of the United States, the interest returned. Trump also claimed to make the U.S. a center for cryptocurrency innovation. As a result, Bitcoin's price hit a new high of $108,000 in mid-December.
Despite the initial excitement over Bitcoin's price, it has recently faced some pressure. Currently, the price of Bitcoin is below approximately $95,000, and analysts have pointed out that if this key support level cannot hold, Bitcoin's price may drop significantly.
Additionally, under Elon Musk's leadership, platform X is constantly evolving. Discussions about Bitcoin have always held an important position on the platform. The new content strategy has sparked widespread discussion on X, making cryptocurrency-related posts quickly become the focus and accelerating their spread and influence.
🗣 Conclusion:
The popularity of Bitcoin on platform X has gone from a significant rise to a brief cool down and then a strong return, attracting much attention throughout its development. Meanwhile, the SEC's approval of Bitcoin spot ETFs and Trump's statements have had a positive impact on Bitcoin's growth. However, the volatility of Bitcoin's price also reminds investors of its potential risks.
At the same time, platform X is constantly changing under Elon Musk's leadership, and the new content strategy adds more possibilities for Bitcoin discussions. However, Bitcoin's development in the global financial sector remains full of uncertainties, and we look forward to seeing what happens next.
