In spite of a 60 percent Bitcoin (BTC) price rout, crypto Twitter remains upbeat. This is according to a behavior analytics platform Santiment that analyzes countless cryptocurrency-related posts on different social media platforms to help investors get an overall feel of the market.
The bulls are unfazed
After the historic price plunge that happened on March 12, there was a strong uptick in both positive and negative sentiments. While permabears in the likes of Peter Schiff and Nouriel Roubini were having their field day, some bulls saw this as an opportunity to stack more sats at a discount.
Digital Currency Group Barry Silbert tweeted that he was buying more BTC since it was exactly why it was created.
The 'crypto king' wasn't alone. As reported by U.Today, 'buy Bitcoin' Google searches recently spiked to an eight-month high, outperforming gold.
Beyond crypto Twitter
However, Santiment also mentioned that people outside of crypto Twitter were less enthusiastic about crypto. Negative sentiment has been prevailing on both Discord and Reddit since 'Black Thursday.'
Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!