Twitter releases bitcoin and Facebook Libra's sentiment index

Twitter releases bitcoin and Facebook Libra's sentiment index

The new study found that the United States leads the world in terms of Bitcoin and Facebook's Libra tweets.

The study found that 38.9% of posts appeared on the US on Twitter, while the second was 10.5% in the UK.

The number of tweets in Canada, Turkey, India and Australia has been decreasing.

The report also studied related emotions. In other words, tweets talk about bitcoin positively or negatively. The survey found that Peru is the most active, with Malaysia, Indonesia, Vietnam and Italy ranking second to fifth respectively.

Among those countries that have a more negative attitude towards cryptocurrencies, Venezuela has recently produced the most negative posts, and 62% of tweets have seen unfavorable factors. This finding may be surprising because in its severe national currency crisis, the country is seen as increasingly cryptocurrency. Mexico, Estonia, Brazil and Ireland followed.

TIE added that the United States is usually "very positive" and that 61.5% of tweets are good for Bitcoin. On average, 59.8% of the global Bitcoin tweets are positive.

The company also released a global mood map (see below) that indicates whether each country is positive or negative.

Since Facebook recently announced its planned Libra cryptocurrency, TIE gave a brief introduction to the mood of the project.

It found that the United States once again became the world's largest source of Libra tweets, and this percentage (43.8%) was higher than Bitcoin (39.8%). Like Bitcoin, the UK ranks second, with France, Canada and Australia ranking third to fifth.

Regarding Libra's attitude, the study found that since the news broke out, the situation has changed. The tweet initially tends to be more positive, but it is even more negative today (54.8%).

“Libra's tweets are the most active in the UK, but in the US and France, countries experiencing regulatory resistance are often less active,” TIE said.

Source: Coindesk

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Market Analysis: BTC is only a stone's throw from the million mark

Today's BTC pull-up seems to reveal a different message. So far, a total of three of the top ten cryptocurrencie...

Blockchain

What are the threats to Bitcoin?

Foreword: There are many bullish people in the prospect of the value of Bitcoin, and there are many discussions in th...

Market

Bitcoin: Riding the Waves of “Uptober” to New Heights

Bitcoin sees 29% price increase in October, sparking hope for a continued bull run.

Market

Bitcoin has finally returned to $8,000, but why is it not recommended to chase?

The stock market is cold and the currency market is rejuvenating. Starting on May 10, bitcoin prices are all the way ...

Blockchain

Xiao Lei: Trump accelerates the dollar trust crisis, gold and bitcoin joint performance

As the centralized management institution of the US dollar, the Fed plays the role of a global central bank. As the w...

Blockchain

Encrypting World Investors: Drawing on Buffett's Ideas How to Cross the Bulls and Bears

This article is the author's Buffett Shareholders' Meeting. The next article discusses the "match"...