Bitcoin Sentiment on Twitter Reaches Its Highest Level in 3 Years, Says Data Firm The Ti…

Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows.

According to crypto data company The Tie, the 30-day average daily sentiment score is at an all-time high since 2017.

The “score” typically measures the difference between positive and negative BTC reviews at certain periods. The latest ranking indicates that investors on Twitter are upbeat about the future of the asset.

Bitcoin’s mentions on the micro-blogging platform also peaked this year post-halving, reaching 31,111 on May 17, said The Tie.

While Bitcoin’s third halving of May 11 cut miner rewards by 50% to 6.25 BTC, it also sparked huge retail interest in the coin driven by expectations of a massive price increase, as with past supply cut events.

Joshua Frank, chief executive officer of The Tie, said the figures show a market that is extremely bullish about bitcoin.

The data…