Bitcoin subreddit hits 2M subscribers following GameStop controversy

One of the most famous online bitcoin communities overtook two million subscribers on Friday in a wave of activity, ostensibly due to media attention on the r / Wallstreetbets subreddit.

According to the Metrics For Reddit Analytics website, the r / Bitcoin subreddit has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit among more than 100,000 active pages. The Bitcoin (BTC) subreddit hit the milestone of two million subscribers on Friday, more than 18 months after reaching one million.

Although much of the subreddit’s growth was gradual after the 2017 bull run, interest in r / Bitcoin exploded over the past week. Between January 26 and January 30, more than 200,000 accounts subscribed to the page from 1,982,681 to 2,184,941.

Subscriber growth for r / Bitcoin. Source: Metrics for Reddit

Many of the new subscribers may have been attracted to the subreddit after mainstream media reported on r / Wallstreetbets retail investors who competed against major Wall Street traders short of GameStop stock in a David and Goliath financial story. The story – and allegations of market manipulation by hedge funds and brokers – was not only covered in rags like the Wall Street Journal and the New York Times, but it caught the attention of US lawmakers and was featured in a Saturday Night Live sketch featured prominently yesterday.

The r / Bitcoin subreddit was created in September 2010, two years after the Bitcoin whitepaper was published. Since that time, its impact on the crypto space has been immeasurable, offering news, rumors, memes and comedy to Bitcoin newbies and HODLearners.