Digital Assets: A Bitcoin Video Lands Up On TikTok, Goes Viral

December 17, 2019 | Digital Assets, News

The Wolf of Bitcoin posted the bitcoin video on TikTok.

The TikTok video zooms in through a door with says, “this is why GPU prices went up,” and then pans across a room filled with power cables and computers. It appears to be a cryptocurrency mining location. Catchy, foot-tapping music plays in the background of the video, which has hashtags like bitcoin, explainbitcoin, bitcoin mining, and minecraft.

If you thought bitcoin and short video sharing app TikTok were an unlikely match, think again. The video has recorded 1.2 million views and more than 109,000 likes – the first time a bitcoin video has gone viral on TikTok.

Frontpage on TikTok? Maybe, this is the shot in the arm that bitcoin needs to become a household name.

However, there may be more to it than that

The appearance of the bitcoin video on TikTok times well with recent announcements of a joint blockchain venture between Shangai Dongfang Newspaper and ByteDance, the owner of TikTok. The partnership reportedly launched on December 10, with ByteDance owning 49% in the venture.

Shanghai Dongfang Newspaper is part of a state-owned Chinese media group that also owns

The joint venture will develop business models, including blockchain and artificial intelligence.

Did TikTok intend for the video to go viral?

That’s a difficult question to answer, but it’s well known that TikTok uses artificial intelligence to select and display content to its users.

For the record, however, digital entrepreneur Thomas Schulz first drew attention to the video in his tweet on December 14. He described it as the “first viral bitcoin TikTok.”

[Related Story: Digital Assets: Its Halving in 2020 Could Boost Bitcoin to $50,000 ]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…