University Of East London’s Experts Highlight The Impact Of Social Media On Bitcoin Prices

Dr Fahimeh Jafari and Dr Mitra Saeedi aim to investigate the impact of social media on the price of Bitcoin using NLP techniques. The rise of social media has changed the way people communicate and share information, and its influence on various aspects of life has been profound. 

Fahimeh Jafari
What is blockchain In recent years, social media has also begun to play a significant role in the financial world, especially in the cryptocurrency market. This research will explain the relationship between social media and Bitcoin’s price and provide insight into the role of social media influencers and their impact on the price of Bitcoin. Identifying the most influential social media platforms and sources in the cryptocurrency market will help investors monitor and evaluate market trends. The project has received RDSBL Seed funding, enabling the research team to take the next steps towards achieving the project goals.