Bitcoin subreddit reaches 2M subscribers following GameStop disputation

Bitcoin subreddit reaches 2M subscribers following GameStop disputation

By& Clark

More than 200,000 Redditors joined the page last week.

One of the foremost well-known on-line Bitcoin communities passed 2 million subscribers in a very surge of activity on Friday, supposedly because of the media attention over the r/Wallstreetbets subreddit.

According to the Metrics For Reddit analytics web site, the subreddit r/Bitcoin has a pair of,184,941 subscribers at the time of publication, creating it the 178th preferred subreddit among quite a hundred,000 active pages. The Bitcoin (BTC) subreddit hit the 2 million subscriber milestone on Friday, quite eighteen months once reaching 100,000

Though a lot of of the expansion within the subreddit following the 2017 pitched battle was gradual, interest in r/Bitcoin exploded last week, with quite two hundred,000 accounts subscribing to the page between jan. 26 and Jan. 30, from 1,982,681 to 2,184,941.

Many of the new subscribers could are drawn to the subreddit following thought media shops news on retail investors from r/Wallstreetbets increasing against major Wall Street traders short-selling GameStop stock in a very monetary David and Goliath story. additionally to being coated in rags just like the Wall Street Journal and big apple Times, the story — and allegations of market manipulation on the a part of hedge funds and brokers — caught the eye of U.S. lawmakers and was featured conspicuously in a very Sat Night Live sketch yesterday.

The r/Bitcoin subreddit was created in Sep 2010, 2 years once the discharge of the Bitcoin study. Since that point, its influence on the crypto area has been immeasurable, providing news, rumors, memes, and comedy to Bitcoin newbies and HODLers alike.


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Published at Mon, 01 Feb 2021 09:53:34 +0000