The media giant launched the Bitcoin channel, which should help investors understand cryptographics.
Thomson Reuters included in the latest update of MarketPsych Indices a toolkit for investors in Bitcoin that will allow them to analyze more than 400 data sources – articles, news and messages on social networks for a better understanding of cryptology.
MarketPsych Indices is a service that transforms into sensible indicators such feelings as fear or greed, based on the analysis of messages in the media and social networks.
Then, based on these indicators, investors can determine the optimal time for buying or selling.
Thomson Reuters has long been monitoring prices for Bitcoin, but launching this week of psychological analysis tools for investors marks the official entry of media giants into the trading segment of crypto-currencies.
In addition, Bitcoin-channel Thomson Reuters can be considered as part of a broader trend of creating tools for investors in crypto-currencies by companies in the development of artificial intelligence, reports Coindesk.
Author: Evgenij Novožilov, Analyst Freedman Club Crypto News
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