Bitcoin items soar – The Portugal News
Over 1.7 million Bitcoin-related stories are published each month in 2021, with 90% year-over-year growth.
More and more Bitcoin related content continues to emerge online as the value of assets increases. Overall, 2021 saw the highest Bitcoin posts with the top cryptocurrency leading the industry.
According to data compiled by Finbold, between January 1 and November 21, 2021, an average of 1.77 million Bitcoin-related pages were published online each month. January 2021 recorded the highest posts with 4.9 million. In 2021, November has seen the fewest posts so far at 0.36 million.
The 2021 average posted on Bitcoin-related stories of 1.77 million represents year-over-year growth of 92.39% compared to last year’s figure of 0.92 million. In 2019, the figure was 0.44 million, while in 2018, posts were 0.2 million, with 2017 standing at 0.05 million.
Elsewhere, in 2021, the total number of Bitcoin-related stories published was 19.46 million, a growth of 77.23% from the 10.98 million in the 2020s. In 2019, the number of stories amounted to 5.31 million, and 2018 to 2.37 million.
Negative headlines impact Bitcoin-related content
The report highlights some of the drivers behind the rise in Bitcoin-related posts. According to the research report:
Amid the increase in the asset’s value, critics have questioned the cryptocurrency’s long-term sustainability while highlighting negative aspects such as energy consumption and the tight regulatory control that In this line, other articles have been published online in an attempt to explain the state of Bitcoin energy consumption and the overall global regulatory outlook. “
Notably, Bitcoin’s rising posts have been correlated with rising asset values. In 2021, Bitcoin’s returns have been fueled by institutional adoption and increased retail investment, thus sparking public interest.
The buzz resulting from the rising value of Bitcoin mainly stems from the interest in understanding investment opportunities, risks, price predictions, alternatives, among other related content.