twitter According to the statement made in cryptocurrency chats, there will be a complete explosion in 2021. made. Here are the details;
twitter, today published the first BirdsEye Report, featuring data and expert analysis across industries as diverse as technology, finance, sports and food. Prepared by Twitter’s Official Partners and based on data from global Twitter chats, the report highlights the most important consumer trends, according to the official statement, and aims to help brands identify opportunities and strategies for the year ahead. In this context, important data related to crypto money have been revealed. The following was stated on the subject:
-Cryptomania: As established cryptocurrencies like Bitcoin, Ethereum, and Dogecoin continue to gain traction, new cryptocurrencies are popping up every day, larger organizations are now accepting cryptocurrencies as a form of payment, and financial institutions are starting to adapt and experiment with using their own crypto offerings. Conversations about ‘crypto’ rose 549 percent on Twitter in 2021, with Bitcoin, Ethereum and Dogecoin driving the conversation.
-NFTs entered the mainstream: Conversations about “NFT” on Twitter increased 9,510% in 2021. Most conversations have been from men until now, but in 2021 we’re already starting to see the conversation change to include more women. NFTs are the latest phenomenon in the crypto universe. NFTs transform unique, valuable objects such as digital artworks or videos into verifiable assets that can be stored and traded on the blockchain.
Although NFTs have been around for about seven years, they have entered the mainstream and become hugely popular in March 2021 after an NFT artwork by digital artist Mike Winkelmann (known professionally as Beeple) sold for more than $69 million. Popular culture also played a role in the newfound popularity of NFTs.
-Retail investor boom: During the pandemic, a whole new group of people have committed themselves to investing. 15% of all current US stock traders first started playing the market in 2020. Multinational financial services firm Charles Schwab even coined the term “Investor Generation” to describe and describe the new investors of this era.
This growth can be attributed to lower trading costs, new apps and services that make investing easier and more accessible, and market volatility, all of which bring interesting investment opportunities.
At the same time, social media plays an important role in fueling and amplifying conversations about the stock, as well as turning certain stocks into “meme stocks” that have become popular with retail investors because of social media. During the pandemic, a whole new group of people started investing, and the words ‘retail investor’ on Twitter rose 215% in 2021.
The ongoing pandemic has ushered in a financial transformation in the digital space, with investment and cryptocurrencies at the forefront of finance conversations, according to Twitter. More people to discuss personal finance topics, get advice, stay up to date with what’s going on in the world of finance, and seek financial customer service twitter As financial firms flock to social networks like