Twitter Study Finds US Posts Most on Bitcoin and Facebook's Libra

New research has found that the U.S. leads the world in the volume of tweets referencing bitcoin and Facebook's planned cryptocurrency.

AccessTimeIconJul 4, 2019 at 2:33 p.m. UTC
Updated Sep 13, 2021 at 9:23 a.m. UTC

New research has found that the U.S. leads the world in the volume of tweets referencing bitcoin and Facebook's planned Libra cryptocurrency.

Fittingly published as a Twitter thread by crypto trading platform The TIE, the study found that 38.9 percent of posts on Twitter arose in the U.S., while 10.5 percent came from second place U.K.

Canada, Turkey, India and Australia were next most prolific tweeters, in descending order of volume.

The TIE research also looked at sentiment – that is, whether tweets were talking positively or negatively about bitcoin. It found that of countries with at least 0.5 percent of the total bitcoin tweets, Peru was most positive, with Malaysia, Indonesia, Vietnam and Italy in second to fifth place, respectively.

Of those nations striking a more negative tone on the cryptocurrency, Venezuela has recently spawned the most negative posts with 62 percent of total tweets looking on the downsides. The finding is perhaps surprising, since the nation has been viewed as increasingly crypto curious amid its severe national currency crisis. After Venezuela, Mexico, Estonia, Brazil, and Ireland were most negative, again in descending order.

The TIE added that U.S. is generally "exceedingly positive," with 61.5 percent of tweets being favorable toward bitcoin. On average, 59.8 percent of bitcoin tweets are positive globally.

In the thread, the company also posted a global map of sentiment (see below) marking whether each nation is generally more positive or negative.

CoinDesk - Unknown

And with Facebook having recently unveiled its planned Libra cryptocurrency, to a mixed reception, The TIE also took a brief look at sentiment so far on the project.

It found that the U.S. again represents the largest global source of Libra tweets, and that the proportion (43.8 percent) was greater than for bitcoin (39.8 percent). As with bitcoin, the U.K. came in second place regrading Libra posts, with France, Canada and Australia in third to fifth places.

Regarding attitudes toward Libra, the research found there had been a shift since the news broke, with tweets originally tending to be more positive, but more negative (54.8 percent) today.

"Libra tweets were most positive in the United Kingdom, but tended to be much less positive in the US and France - countries experiencing regulatory pushback," The TIE tweeted.

Twitter image via Shutterstock

Read more about


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC