U.Today – Renowned “hater”, critic and gold connoisseur Peter Schiff covered an important topic on X, directing his comments directly at Elon Musk, regarding the rapid loss of followers. Some users suggested that there is a link between Schiff's hatred of BTC and his account following that trend.
Schiff posed the following question in his post: “I have been losing between 500 and 1,000 followers every night for the last month. That prevents me from having more than 1,014,000 total followers.” She mentioned that he gains followers all day and then wakes up in the morning and finds them gone.
Post X sparked a conversation about the possible causes of the drop in followers, which attracted the attention of several users. Some people speculated that Schiff's repeated negative statements about Bitcoin could be the reason for the loss. A humorous comment was posted under his post, saying that it's no surprise that Schiff doesn't understand Bitcoin. Perhaps people have grown tired of the endless apocalyptic “the end is near” versions of Bitcoin.
Schiff hinted that Elon Musk, the leader of X, might have something to do with Schiff's loss of followers. However, it is unlikely that Musk is directly interfering in any way with the follower counts of certain accounts. Like the Bitcoin market that Schiff criticizes, social media is unpredictable. However, the most likely reason behind the Schiff issue is bots. X is actively fighting against spam accounts and different bot farms, which use mass following tactics.
Schiff's post reminds us of the complicated dynamics of social media platform algorithms that often confuse people. If you experience a drop in followers, it is not necessarily the result of poor content management, but rather an action taken by the platform you are working on.
This article was originally published on U.Today.
