Bitcoin mentions on Twitter increased by 2.9% compared to 2021, reaching a total of 104 million mentions on the social network Twitter this year.
Despite the bearish conditions facing the cryptocurrency market in 2022, the number of times the word Bitcoin has been mentioned on Twitter continues to grow.
According to data from the Visibrain platform, quoted in a tweet by Jameson Lopp, software engineer, cypherpunk and bitcoin advocate, the word Bitcoin featured in a total of 104 million tweets This year.
The times Bitcoin was mentioned on the social media platform, acquired by Elon Musk last October, increased by 2.9% over the previous yearwhen a total of 101 million mentions of the market-leading cryptocurrency were recorded on Twitter.
Bitcoin has received a lot of attention on social media this year
He graph presented by Loop shows that the number of times Bitcoin was mentioned or talked about on Twitter was higher amid the massive wave of Super Bowl cryptocurrency announcements that took place in February.
Also, mentions of Bitcoin multiplied when the debacles of the Terra ecosystem occurred, with the fall of the algorithmic stablecoin UST; the declaration of bankruptcy of Celsius Network, a product of the same Terra collapse and the recent scandal involving the FTX exchange and the investment firm Alameda Research, founded by Sam Bankman-Fried.
Amid the uncertainty generated in the market by these events, bitcoiners and the crypto community in general have emphasized in their social media posts that Bitcoin is freedom and the key to the economic future.
On the other hand, data from The Block Research also shows that the word Bitcoin was found 6,597 times in documents filed with the United States Securities and Exchange Commission (SEC) up to November this year.
Increased Interest in Bitcoin and Cryptocurrencies
Another bitcoin adoption data that Loop revealed on its Twitter account is linked to news aggregator Reddit. According to the developer, the Reddit channel “/r/bitcoin” welcomed one million subscribers in 2022registering an interannual growth of 29%.
According to the data, 4.78 million subscribers are active on this Reddit channel dedicated to spreading news, releases, events, collaborations, activities, and more. related to the Bitcoin industry and community.
Loop pointed out that “/r/bitcoin” is currently among the top 100 existing channels on news aggregator Reddit by number of active subscribers.
Although Bitcoin and cryptocurrencies are in the midst of a bearish cycle, the attention they have received on social media and the increase in followers in groups related to the crypto industry , underscores how deep these digital assets have deepened into society.
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