What has the Sentiment for Crypto been like over Christmas?

10 months ago 3

ARTICLE AD BOX

As individuals gather around the Christmas table this year, the crypto community pondering the overall sentiment toward cryptocurrency. Questions arise about whether it leans towards positivity, negativity, or speculation, and what noteworthy discussions are unfolding around the subject.

Popular X (formerly Twitter) account Autism Capital reached out to its 250,000 followers soliciting responses. The conversation reflected a diverse mix of perspectives and discussions.

Hesitation Persists Among ‘Normies’ in Crypto Participation

In a post on X, Autism Capital asked its followers what the general feeling towards crypto was like over the Christmas period.

“For all who are spending time with family, others, during Christmas — what is the sentiment around Crypto? Are people still burned? Are they curious? What are the normals saying? Are they discussing ETFs? Share here for all.”

Responses varied, including both positive and negative sentiments, as well as instances of resistance.

One X user stated “Bullish, normies still scared – this Christmas rally is entirely crypto insiders – wait until retail really arrives again.”

However, another user highlighted that crypto took a back seat in discussions compared to another emergent technology of 2023, artificial intelligence (AI).

“No one brought crypto up but several people asked me about AI and ChatGPT because they know I’m into computers.”

While another stated, “normies who went into a large extent last cycle are still burnt and not coming back anytime soon.”

Sentiment for Crypto is Positive on a Wider Front

Crypto discussions and the market have recently experienced a surge. Certain cryptocurrencies have witnessed substantial gains in the last few months.

Notably, Solana has seen a growth of 500% over the past six months.

Meanwhile, BeInCrypto recently reported that the VanEck CEO Jan van Eck forecasts a new all-time high for Bitcoin in the next year:

“[Bitcoin] is going to be an accompaniment to gold, I told people. That was in 2017… Bitcoin is up 10x now… I think Bitcoin is the obvious asset that is growing up in front of our eyes.”