Impact Social Networks Produce on BTC Rate
June 28, 2018
Feng Mai, professor at Stevens School of Business, US, along with research team has conducted a study to find out that social network posts produce direct impact on the price of the major cryptocurrency.
The researchers have analyzed through a huge number of comments by Internet users for two years on popular Bitcoin forum BitcoinTalk. They also used three and a half million of twits that mentioned the digital currency.
As a result the team found out that the silent majority, a group of influential persons that regularly speak their positive mind of Bitcoin, influence directly the currency growth. Given all this, numerous of comments by active users do not affect the rate.