State Street Corporation made a new announcement at the beginning of the new indicator launched to help understand the huge popularity of Bitcoin in the market.
The major information that is needed is the impact that Bitcoin may have over the traditional financial markets and the coverage of Bitcoin in the current news hence making it rise in popularity and getting more attention.
The media has been giving more attention to Bitcoin when it comes to economics, finance, and corporate markets. MediaStats Thematic company that gives indicators made a collaboration with MKT MediaStats, which is a big data company, to uncover the reasons and trends behind the huge presence of Bitcoin in various media.
Some of the key factors of interest include the aggravating factors towards their popularity in the media. The information has been found using various quantitative techniques enabling major decisions to be made easily.
Some of the indicators extracted include; the tracking of 77 market narratives which include Bitcoin as explained by Thematic indicators, central Bank forms of Indicators that easily predict the hawkishness of 12 central banks that are central.
The other indicators include the Country Media and FX, Micro linkages, Company media information on indicators, Media Indicators, Linkages Indicators, Aggregate Indicators, and Earnings PredictioN called the EOTech, which has brought up some indicators. IPTech, for example, gauges over 350 huge firms in the USA and how they affect the US market economy.