Is Bitcoin growth in social networks a good thing?

in LeoFinance2 years ago

Hello dear and loyal readers, especially to the friends of @LeoFinance, let this opportunity to talk about positive elements that are woven around Bitcoin, and is that despite the recent setback in the price action of the first cryptocurrency by market capitalization, Bitcoin has been gaining strength of interest in social networks.

The truth is that over the weekend Bitcoin was once again a topic of interest for users of social networks, this if we take into consideration the data disclosed by the company Santiment on its Twitter.

Bitcoin as a topic of discussion and debate in social networks increased by 26% among the top 100 cryptoassets on the market. The last similar growth for Bitcoin in that area was last July 9. For the company, Bitcoin's growth in social networks is a positive thing, because it represents a possible bullish sentiment for the digital asset.

The interest in Bitcoin takes place in a global context of great economic tensions imposed by the FED and even political problems, such as, for example, the war in Russia and Ukraine, which have undoubtedly been elements that have placed the markets in negative scenarios.

There are enough reasons to expect a bullish Bitcoin in the coming weeks, this if we take into account the different approaches of users of social networks, a bullish Bitcoin is also supported by the Bitcoin analyst of the firm Swan Bitcoin, Sam Callahan, as long as it has three factors that can favor its price in the medium term.

For Callahan, three clear signs are the recent increase in bitcoin's computing power, the resurgence of institutional investment, and the fact that the supply of bitcoin held by long-term savers has reached an all-time high.

SOURCES CONSULTED

Santimentfeed. A spike in #Bitcoin interest on social platforms came this weekend. Link

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image: Thecoin

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greetings @lupafilotaxia
this is part of the expansion and consolidation of cryptocurrencies in the world, no doubt this is good news.