Cryptocurrency world identification and public concerns detection via social media

Abstract

Cryptocurrency is one of the burning issues across the world in the modern era. Literature shows that business analysts always tend to use new technologies and investigate their risks. Some researchers predicted the price fluctuations and investigated the risk of cryptocurrency and blockchain network. However, to the best of our knowledge, there is no study which provides the feasibility information about locations for cryptocurrency investment around the world. This paper aims to provide the aforementioned information to the investors. The proposed methodology is based on Topic modeling along with public opinion mining about cryptocurrencies, blockchain network, bitcoin, litecoin, and ethereum. The other cryptocurrencies are not included in the study because of having insufficient relevant data on the social forums. Top locations are identified such as Australia, Denmark, Netherlands, and the USA etc. Apart from that, the public perception and environment feasibility are also determined. Almost 83.7% tweets of Sweden shows positive sentiment for cryptocurrency investment. Which ranks the highest having friendly environment for cryptocurrency investment. Similarly, the UK shows the least positive perception of cryptocurrency and blockchain technology usage. Some of the significant terms are also determined using Topic modeling from public opinions. Such as authorization rules, investment, profit, volatility, and security etc. These terms are almost identified as subtopic for each of the inquired keyword. This shows the mutual relationship among different cryptocurrencies and public's concerns about cryptocurrencies.