Reddit Is No Longer a Huge Agent of Bitcoin

February 15, 2020 | By | Reply | 31 Readers More


The Reddit r/bitcoin forum doesn’t seem to be mentioning the bitcoin price much, these days.

Reddit Isn’t Helping BTC Much, Anymore

The bitcoin subreddit has come a long way since 2013. At the time of writing, it’s up to 1.3 million subscribers, which is more than double than the numbers seen during the time of bitcoin’s 2017 all-time high.

Nic Carter – a partner at Castle Island Ventures – asked a few years ago on Twitter:

Does anyone else remember the ‘bitcoin: magic internet money’ MS Paint ad circulating on Reddit in 2013? I loved that stupid ad… No matter what happens with initial coin offerings [ICOs], hard forks, Goldman, anti-money laundering and know your customer [KYC] regulations, or China, Russia and the USA, bitcoin will always be magic internet money to me.

This ad, however, stirred up quite a bit of controversy after it was created. Many users…

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