I week later on the Bitcoin rewards halving, investors are speaking more positively most the coin than they accept at any point over the last ii.5 years according to crypto data company The TIE.

Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May xviii, saying the thirty-day average daily sentiment score — the number of positive reviews in relation to the number of negative reviews — of Bitcoin (BTC) is the highest the visitor has ever recorded.

In improver, xxx-day average tweet volumes for BTC were also at an all-fourth dimension high for 2022. On May 17, there were 31,111 tweets well-nigh the cryptocurrency with words including "Bitcoin", "gold", "trading", and "halving". Even writer JK Rowling and tech mogul Elon Musk were high in the rankings, due to Rowling'southward May 15 Bitcoin inquiry on Twitter and Musk's response.

Bitcoin mentions driving price up?

Frank said this data made the marketplace look "extremely bullish about Bitcoin", with the overwhelming majority of words used by investors on Twitter on May 18 as positive. Even pre-halving, The TIE found a "moderately strong and positive" correlation between mentions of Bitcoin's halving and the asset's toll.

Co-ordinate to The Tie, "while the Halving remains a positive indicate of chat for BTC, the digital gilded narrative is reemerging as the ascendant narrative for the coin during this time of extreme economic uncertainty."