Bitcoin Video Goes Viral on TikTok, A Popular Video Sharing Platform

News / 16.12.2019

This week, a Bitcoin video went viral on a video-sharing social platform, TikTok, for the first time. This followed the mentioning of bitcoin by several high profile individuals and companies.

The video was shared by crypto trader, Thomas Schulz, on twitter yesterday. It showed a room full of mining equipment, and it was captioned as This is why GPU prices went up.

Media mentions of bitcoin have decreased in recent times. The number of deals happening in the crypto industry has also dropped significantly. However, as the coin approaches its third block-reward halving, the mainstream awareness of crypto, in general, has started to increase.

For instance, on December 14, Product Hunt, a popular product discovery platform, tweeted the name of the dominant cryptocurrency. 

Bill Pulte, the head of Pulte Capital Partners, said cryptocurrency can be of tremendous help to the world’s poorest.

As a philanthropist, Pulte emphasized that he wants to promote the adoption of cryptocurrencies like bitcoin. Pulte also tweeted, on December 12, that he has recently bought 11 bitcoins.

Mentions of bitcoin on media platforms like TikTok and by high-profile individuals like Pulte, can contribute immensely to the mainstream awareness of crypto.

It is very important for bitcoin to gain mainstream awareness first before seeing widespread adoption. This is because of the rapidly improving infrastructure of the crypto market alone cannot bring about the expected adoption.

It is an indisputable fact that infrastructure is a necessity to supplement the growth of an emerging asset class. Nonetheless, it requires the adoption by many people to establish a network effect and increase its practicality.  

Featured Image Courtesy of Shutterstock. Source: CryptoPress.

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Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.