Is Thomson Reuters Using Feelings To Enrich Investors?

What is the world’s view on cryptocurrency?

Every investor wants to know that answer and media giant of Announced Monday, has just provided them with a data feed that can give them an idea of how people feel about Bitcoin.

The latest release of the MarketPsych Indices by the company showed that the data feed of the Bitcoin sentiment would operate with artificial intelligence. AI will be used to analyze over four hundred thousand data sources from news articles to social media posts in a bid to give out actionable insights.

Some examples of the metrics that will be used are “fear” and “greed.” This will allow investors to spot opportunities and create orders for buying or selling using the insight.

SEE ALSO:   Bitcoin Price Today USD - Latest Price Chart Analysis and Bitcoin Price Prediction 2020 - Bitcoin Price News Today -Wed Jun 20

The Grand Entrance

Thomas Reuters has gained a reputation as an organization of Bitcoin enthusiast over the years. Last year, it started to develop an interest in cryptocurrencies other than Bitcoin. However, this announcement marked a formal launch into the cryptocurrency market.

The global head of Thomas Reuters, Austin Burkett, made an announcement confirming that the new system will be beneficial to all investors.

In his words:
“Using our software, our clients can drive positive results. It is an excellent tool for balancing the risk in their cryptocurrency portfolios.

The Bitcoin data feed will also be part of an even larger trend in companies that offer artificial intelligence services. The trend will push them to leverage their tools for crypto investing.

SEE ALSO:   Cardano Price Forecast: Cardano (ADA) Will Rise in 2018 And Here's Why (Cardano (ADA) Price Prediction 2018)

While emotions can help provide investors with good insight, the system still has a drawback. After a phrase is identified, it has to be filtered to verify context. What this means is that the software doesn’t state whether the phrases are related to cryptocurrency or not. If this shortcoming is corrected, the feed will be an indispensable tool for every investor.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   EON Prediction: What You Need to Know About EON, The New Frenzy Among EOS Investors - EON News Today

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!