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

December 17, 2019 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2019/12/TikTok-wolf-of-bitcoin.jpg

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.

https://www.tiktok.com/@thewolfofbitcoins/video/6770028082662362374

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 ThePaper.cn.

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.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/07/153327650_b2c927a955_o.jpg
Artificial Intelligence: How CrowdSmart’s Predictive AI Improves VC Investments
July 7, 2020     Artificial Intelligence, News

CrowdSmart’s Cyrus is a software-as-a-service (SaaS) platform that uses AI and collective intelligence to better predict the likely result of an investment. Speaking to Barron’s in a panel interview, Polese…

https://dailyalts.com/wp-content/uploads/2020/07/forest-climbing-park-931256_640.jpg
Venture Capital: SaaS Data Protector OwnBackUp Gains $50M Funding
July 7, 2020     News, Venture Capital

OwnBackup is a cloud-to-cloud backup and restore vendor that provides automated, daily backups of SaaS and PaaS data, as well as data compare and restore tools for disaster recovery. Its…

https://dailyalts.com/wp-content/uploads/2020/07/photographer-407068_640.jpg
Digital Assets: Now Book Any of 700,000 Expedia Hotels Through Crypto Friendly Travala.com
July 7, 2020     Digital Assets, News

Travala.com is a blockchain-based, crypto friendly travel booking platform with access to over 2 million hotels in 230 countries. In a partnership with Expedia Partner Solutions announced Monday, more than…

https://dailyalts.com/wp-content/uploads/2020/07/PD00902_-_US_payments_acacia_apple_pay_photobreak.jpg
FinTech: Digital Payment Company Square To Give Banks A Run for their Deposits – Analyst
July 7, 2020     FinTech, News

San Francisco-based Square Inc (NYSE: SQ), a digital payment processor led by Jack Dorsey, benefited Monday from a highly bullish report by SunTrust analyst Andrew Jeffrey. The stock touched an…