LunarCrush CEO Joe Vezzani believes that even with the upcoming Bitcoin halving, there might not be a significant shift in retail engagement.
While Bitcoin (BTC) and other digital asset prices are increasing, retail investors are not yet “believing the hype,” according to Joe Vezzani, the CEO of social media analysis platform LunarCrush.
Vezzani said that compared to the last major bull run, social interactions and overall retail interest are “still quite low.” In the last six months, posts mentioning Bitcoin showed bursts of activity in January and March.
The January mentions may be due to the hype surrounding the spot Bitcoin exchange-traded funds (ETFs). On Jan. 10, the United States Securities and Exchange Commission (SEC) approved spot Bitcoin ETF applications from asset managers.
