According to recent analytics performed by The TIE, Africa’s Twitter sphere is feeling very bullish about Bitcoin. The continent is home to several businesses finding ways to use digital assets, so it’s no surprise that many would be optimistic about the virtual currency.
As for South America, well…they’re less enthusiastic.
The Geography of Crypto Twitter – An in depth look at Bitcoin, Ethereum, Litecoin, XRP, and Bitcoin Cash
We set out with the goal of breaking down the five largest cryptos by market cap and their sentiment across the globe.
— The TIE (@TheTIEIO) July 8, 2019
Parsing through more than 850 million tweets a day, the TIE’s partner, Social Market Analytics, analyzes the current sentiment for major cryptocurrencies, noting that “sentiment is the leading indicator of cryptocurrency price movement.” The latest survey took place from June 28 to July 5 and offers a glimpse into how the social media world feels about the market.
According to their analysis, North America continues to dominate the conversation, producing the vast majority of tweets for Bitcoin, Bitcoin Cash, XRP, Ethereum, and Litecoin. The United States tweeted out more than 30% of all crypto-related tweets during that period.