Bitcoin Subreddit Grows to 2.2 Million Members

2021-2-2 18:08

While price-wise, the Bitcoin market is calm and in a resting stage around $33,000, the same is not the case for its adoption.

One of the areas we see this growing adoption is the subreddit for the currency of the Internet, r/Bitcoin, whose members have surged to more than 2.2 million.

Created on Sept 9th, 2010, the Bitcoin subreddit recorded an unprecedented growth in 2021.

The number of total Bitcoin subreddit subscribers started trending up during the last bull market of 2017 and continued its growth since then, but with a sharp uptick seen in just one month in 2021.

2020 ended at around 1.85 million subscribers, only to jump to 2,221,348 today. On Dec. 10, 2017, Bitcoin first hit 500k subscribers, then 1 million was met on July 13, 2019.

The 2 million subscribers milestone was hit just last week on Jan 29. This makes sense, given that last week, crypto trading platforms also registered heightened traffic and new user-ups.

We had more @blockfolio downloads yesterday than in any single day of 2017.

— Edward Moncada (@EdwardAMoncada) January 30, 2021

r/Bitcoin subreddit currently has a ranking of 173, down from 112 in 2018 and 2019.

This growth in Bitcoin subreddit is the result of WallStreetBets taking a liking to the cryptocurrency market.

r/wallstreetbets itself is recording immense growth. Last week on Wednesday, the subreddit had 3.6 million members, which grew from 2 million the previous week. Today, the r/wallstreetbets has 7.7 million degenerates.

Besides the WSB influence, the price of BTC is trending up, which is bringing the retail to the digital currency with a limited supply in the world of relentless money printing.

“The more they mess with the free markets, the more the world abandons the old system and joins the new,” noted Charles Edwards of Capriole Investments as the number of people joining the Bitcoin subreddit increases 3.6x of 2017 peak.

r/Bitcoin has also flipped r/Apple in subscribers; however, the leading digital currency still has a way to go to match up the tech giant’s over $2.2 trillion market cap. While Apple is the largest asset by market cap, Bitcoin has fallen out of the top 10 with a market capitalization of $622 billion, as per Asset Dash.

The post Bitcoin Subreddit Grows to 2.2 Million Members first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68092.04 (-0.52%)
Объем 24H $29.052b
Изменеия 24h: 0.56 %, 7d: -2.39 %
Cегодня L: $68092.04 - H: $68812.85
Капитализация $1341.754b Rank 1
Цена в час новости $ 33598.09 (102.67%)

bitcoin members subreddit grows million trillion giant

Источник: bitcoinexchangeguide.com

bitcoin members → Результатов: 126


Debate Over Toxicity of Bitcoin on Twitter Heats Up with Blockstream Co-Founder and CSO

For the last two days, the Bitcoin community on Twitter has been fighting against itself. The two sides here apparently have different opinions on their social media culture. A significant portion of the community has called itself “toxic” in the way that they treat new members of the Bitcoin world, while others say that these […]

2019-5-29 05:27


Google Trends Shows Bitcoin SV (BSV) May have Enjoyed Massive Positive Publicity from the April Delisting

April has been a rather challenging month for Bitcoin SV (BSV) as leading crypto exchange Binance delisted the cryptocurrency from its platform followed by a few others who did same. This was mainly motivated by a desire to get back at Craig Wright for “bullying” some members of the crypto community who questioned his Satoshi […] The post Google Trends Shows Bitcoin SV (BSV) May have Enjoyed Massive Positive Publicity from the April Delisting appeared first on ZyCrypto.

2019-4-27 00:37


Фото:

Bitcoin Campaign Launched in Effort To Rebuild Notre Dame

Bitcoin donations have already begun arriving as part of an effort to raise funds for rebuilding the devastated Notre Dame Cathedral in Paris. Donate To Notre Dame With Bitcoin As countries and businesses worldwide publicly pledge hundreds of millions of dollars in aid after the world-famous church caught fire April 15, the Bitcoin community is galvanizing its members to contribute.

2019-4-16 17:00


Фото:

Bitstamp USA Becomes Nineteenth Firm to Receive BitLicense

The New York Department of Financial Services (NYDFS) has granted its nineteenth BitLicense to Bitstamp USA, a subsidiary of Bitstamp, the department announced on April 9, 2019. New Members In the first quarter of 2019, several firms were granted the coveted virtual currency license from New York state’s financial regulator, popularly called the BitLicense.

2019-4-10 18:11


Is Bitcoin The Focal Point Of Massive Restructuring At BlackRock, Leading To New Digital Asset Team Members

Massive Restructuring Of BlackRock Leads To New Members On Digital Assets Team BlackRock has been one of the many companies that are progressively but quietly examining the digital asset industry. With $6 trillion in assets already in its management, the company has officially chosen to create a digital asset team, according to reports from Abacus […]

2019-4-4 21:10


Jamaica’s National Stock Exchange Will Pilot Bitcoin and Ethereum Trading

By CCN. com: In a further sign of the blurring of the lines between crypto and mainstream assets, it will soon be possible to trade bitcoin on the Jamaica Stock Exchange (JSE). The exchange which was founded five decades ago has inked an agreement with Canadian fintech firm Blockchain that will ‘enable live trading of digital assets and security tokens in a regulated and secured environment’, according to a statement.

2019-4-4 15:07


Bakkt CEO Releases Update on Crypto Trading Platform’s Progress and New Board Members

The Bakkt platform has been in the works for a while, as the Intercontinental Exchange waits for approval through the CFTC to finally get involved in physically deliverable Bitcoin futures. There has been many crypto investors that have been looking forward to this launch, but the decision remains postponed. In the meantime, the company has […]

2019-3-30 16:51


Фото:

Former Bitmain Employees May Find Refuge in a Spinoff Startup Called Matrix

According to regional reports, members of Bitmain Technologies and other connected subsidiaries like Copernicus are starting an offshoot company called Matrix. It is not officially known yet just what Matrix will do but some sources allege that the new spinoff will offer cryptocurrency lending services, an over-the-counter (OTC) desk, and custody solutions.

2019-3-8 09:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru