In 2024, the activity surrounding Bitcoin on the X platform soared, driven by key events and decisions.
Rise of Bitcoin Discussions
According to data from social listening platform Visibrain, mentions of Bitcoin rose by 65% compared to 2023, reaching over 140 million messages in 2024. This spike was especially noticeable early in the year, following the approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission.
Factors Influencing Popularity
The ETF approval surged Bitcoin discussions as Wall Street's Bitcoin ETFs managed over $110 billion in total value. Key events like the halving also fueled interest in Bitcoin. In November, bitcoin chatter intensified following promises by President-elect Donald Trump to bolster the U.S. as a crypto hub. By December, Bitcoin hit a massive milestone, crossing the $100,000 mark, yet settled down to $95,000 later.
Future of Digital Assets
Bitcoin's prominence in 2024 sparked ongoing conversations about the future of digital assets and their role in global markets. These discussions highlight the growing interest and impact of cryptocurrencies on the modern financial landscape.
Throughout 2024, Bitcoin remained a leading topic on X, underscoring its significance in global financial markets and the rising interest in cryptocurrencies.
