A new study released by crypto data provider Indexica suggests that the conversations surrounding Bitcoin has drastically improved in terms of maturity since the last major bull run leading up to the end of 2017.
The recent and ongoing rally of Bitcoin has drawn many comparisons to previous pre-bull run market periods, especially to the most recent one in 2017 where startling parallels are becoming apparent in sentiment, search interest and even accumulation phases.
According to Bloomberg, to support their claim, the group created a custom index processing the language contained in thousands of text documents which were related to cryptocurrency and Bitcoin. It found that professional discourse has grown throughout this year and shows three key growth drivers:
“…a more complex conversation surrounding Bitcoin, fewer concerns about fraud and a shift in the tense of how Bitcoin is talked about from the past to the future.”
They measured the quality of discussions as “Complexity of Bitcoin”, and said that this made up almost a quarter (24%) of Bitcoin related conversations, attributed to enhanced quality thanks to more academics and blockchain professionals now talking online, compared to several years ago.
So, fewer Lambos, fewer moon sightings, more actual science? That seems to be the case.
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