Thomson Reuters is set to track and analyze mentions of Bitcoin – the dominant cryptocurrency by market capitalization – across hundreds of social media and news websites.
Canadian multinational mass media and information firm Thomson Reuters is to track and analyze conversations about Bitcoin across hundreds of news and social media websites, in an effort to help keep investors interested in the dominant cryptocurrency ahead of the curve.
As reported by Reuters, this analysis will come in the form of a new version of the company’s MarketPsych Indices, which Thomson Reuters operates alongside behavioral economics research firm MarketPsych Data.
The new version of the MarketPsych Indices will find mentions of Bitcoin on more than 400 websites, in an effort to properly illustrate current sentiment in regards to the volatile cryptocurrency.
The move by Thomson Reuters comes primarily in response to the popularity of online analysis in traditional asset trading and illustrates the continued push by Bitcoin into the mainstream investment consciousness.
Cryptocurrency-focused forums and news media are still relatively new and have remained largely untapped by traditional investors until now. Explains Austin Burkett, Global Head of Quant and Feeds at Thomson Reuters:
News and social media …
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