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January 9, 2024· Islamic Finance and Technology
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Open access

Cryptocurrency: A Sentiment Analysis from Twitter Data

Abstract

Islam regulates everything perfectly, even the smallest things are regulated in Islam. With the development of technology, quantity and innovation of financial and economic products, it is necessary to study products that are in accordance with Islamic law. There are several studies that examine cryptocurrency in the view of Islamic law and have even reached the stage of proposing a cryptocurrency model that is in accordance with sharia. The purpose of this study is to analyze the sentiment generated from the opinions of users of the Twitter social media application regarding cryptocurrency. The data analyzed consisted of 18,304 using the keyword cryptocurrency. The method used is a qualitative approach with descriptive statistics from the study of cryptocurrency-themed literature. The results showed that neutral sentiment was the most frequent result with a percentage of 91%, followed by negative sentiment of 6.1%, and positive sentiment of 2.9%. The diversity of sentiment results is due to the pros and cons of cryptocurrency.

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