The Bitcoin (BTC) subreddit has hit the two million subscriber milestone on January 29 (Friday), more than 18 months after reaching one million.
It has been reported that the online Bitcoin communities passed two million subscribers in a surge of activity due to the media attention over the r/WallStreetBets subreddit.
However, according to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers by making it the 178th most popular subreddit among more than 100,000 active pages.
The report said that though much of the growth in the subreddit following the 2017 bull run was gradual, interest in r/Bitcoin exploded two weeks ago, with more than 200,000 accounts subscribing to the page between January 26 and January 30, from 1,982,681 to 2,184,941.
When it comes to charts, there's parabolic… and then there's #Bitcoin. User numbers for the r/Bitcoin subreddit have spiked 4X past 2017 levels and the page is now the 178th most popular on the social media platform https://t.co/aIMIeeJsmF — Cointelegraph (@Cointelegraph) January 31, 2021
It has been analyzed that many of the new subscribers may have been drawn to the subreddit after mainstream media outlets reporting on retail investors from r/WallStreetBets going up against major Wall Street traders short-selling GameStop stock in a financial David and Goliath story.
The r/Bitcoin subreddit was created in September 2010, two years after the release of the Bitcoin white paper.
Thus, its influence on the crypto space, since that time, has been immeasurable, providing news, rumors, memes, and comedy to Bitcoin newbies and HODLers alike.