User X posted more than 140 million tweets mentioning Bitcoin on Elon Musk’s social network.
The cryptographic conversation about X increased in 2024 compared to 2023 as Bitcoin (BTC) developments dominated the digital asset mind on the platform formerly known as X.
Posts containing “Bitcoin” grew 65% year-on-year according to data from social listening protocol Visibrain seen by crypto.news on Boxing Day.
The mention of Bitcoin peaked at the beginning of 2024, coinciding with the approval for exchangeable BTC spot funds issued by the United States Securities and Exchange Commission. The complex Wall Street spot BTC ETF managed more than $110 billion in investor assets, more than holdings. assigned to the creator of BTC, Satoshi Nakamoto.
BTC chatter on X retreated from January highs as the year unfolded, spiking from lows in social sentiment to the $60,000 mark and halving, a blockchain tweak that happens every four years to improve the scarcity of BTC.
Monthly mentions of BTC via X consolidated until the meeting again in November, boosted by the victory of the president-elect Donald Trump and promises to turn America into the world. crypto capital.
In early December, BTC social media chatter approached the levels seen immediately after the BTC ETF was approved. More than 1 million X posts were published as the top cryptocurrency hit $100,000 for the first time, breaking the six-figure psychological barrier.
BTC changed hands for $95,000 a day after Christmas, as the Santa Rallye cooled into the New Year.
