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For the first time, a Bitcoin video has gone viral on the popular short video-sharing social networking service TikTok. Posted by TikTok user Wolf of Bitcoins, the short clip showed someone entering a room full of crypto mining equipment, with the video captioned with “this is why GPU prices went up.”
At the time of writing, the clip garnered over a million views, 114 thousand likes, and two thousand comments. With Bitcoin seeing a somewhat bearish trend at the moment, it needs all the exposure it can get to produce more hype and increase its value.
The leading cryptocurrency by market capitalization has been trading in the red for the past couple of days and is trading hands at $6,454 at the time of writing. Although Bitcoin isn’t drawing a lot of interest, it’s expected that it’ll make more noise next year.
Specifically, in May 2020. The reason behind the assumption is that the cryptocurrency will conduct its next halving.
An optimistic view of 2020
In a nutshell, a halving is when the reward for Bitcoin miners is slashed down by half. And based on the two previous halving events, most of the cryptorati believe Bitcoin will make another bullish run.
There are also prominent individuals out there who are trying to make more headlines for the cryptocurrency in a bid to encourage a price surge and mass adoption. Billionaire and philanthropist Bill Pulte has recently joined the Bitcoin movement after making his first purchase of 11 BTC.
Pulte gives away free BTC
Pulte recently tweeted that Bitcoin can help people who don’t have access to banks that’s why he wants to promote its global adoption. He’s also giving away some of his BTC for free.
“Cryptocurrency can help the world’s poorest…especially those who are “unbanked” … as a philanthropist, I, therefore, want to promote adoption. Leave a comment [on] why you need Bitcoin and I’ll pick one person to send some satoshis to … Yes, this is real,” Pulte tweeted.
Meanwhile, the proliferation of Bitcoin ATM is only gaining more momentum as the holiday is now in full swing. And in 2020, these machines will only become more ubiquitous as companies try to make bitcoin readily available for the masses.
Image source: https://www.flickr.com/photos/140988606@N08/40506142163
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