India And These Countries Are Talking The Most About Bitcoin On Twitter

Jyotis - Jul 09, 2019

According to the study, about 38.9 percent of Bitcoin tweets hail from the United States, while the UK holds the second position with 10.5 percent.

Along with the four other countries, India has been the one to talk the most about bitcoin and “Libra” – the new cryptocurrency that is introduced by Facebook and is officially available in 2020 – on Twitter.

bitcoin-facebooks-libra — 'Libra' is expected to work as a stand-alone application.

The first position in this list belongs to the United States. The news was given by The TIE – a famous cryptocurrency trading platform – via its tweets.

According to the study, about 38.9 percent of Bitcoin tweets hail from the United States, while the UK holds the second position with 10.5 percent. In addition to these countries, some most prominent countries include Australia, India, Turkey, and Canada.

The study points out that “Interestingly, the US represents an even larger proportion of Libra Coin tweets -- 43.8 % than BTC 39.8 %.”

In general, the United States is optimistic about Bitcoin. As a piece of evidence, 61.5 percent of posts on Twitter shows promising prospects concerning digital money. The percentage of positive Bitcoin tweets on average occupies about 59.8 percent.

Considering the countries which show only about 0.5 percent of Bitcoin tweets, Peru has shown its optimism when referring to cryptocurrency. The next positions belong to Italy, Vietnam, Indonesia, and Malaysia. In addition, the United Kingdom and the United States occupy about 50 percent of total tweets about Bitcoin.

According to the post by The TIE, “Like Bitcoin, the UK has the second most tweets on Libra. The UK is followed by France, Canada, and Australia as the country with the most Libra tweets.”

libra-FB — About 38.9 percent of Bitcoin tweets hail from the United States, while the UK holds the second position with 10.5 percent.

In the Indian market, more and more people are putting their attention on digital money. It is clearly shown via the spike from 82 to 235 in June 2019. The data was given by LocalBitcoins – a Helsinki-based Bitcoin startup company.

Last month, Facebook made an announcement on 'Calibra' - its new cryptocurrency subsidiary - which would launch 'Libra' in 2020 as a solution to allow about 100 crores users to make transactions via their mobile phones and they don't need any bank account.

'Libra' is expected to work as a stand-alone application and run on both WhatsApp and Facebook Messenger next year. In addition, the company has partnered with 27 global organizations to build the non-profit Libra Association.