First BTC Viral Video Appears on TikTok

Bitcoin (BTC) has had its first viral video on the social media platform TikTok. This happened right after the company’s owner launched his own blockchain startup.

The Bitcoin viral video was recorded by person known on TikTok as The Wolf of Bitcoins. Author shows a room with a lot of mining machines in it. Video has a caption which says, “this is why GPU prices went up”and some tags related to Bitcoin.

New video is the first viral appearance of Bitcoin on TikTok

On December 14, Thomas Schulz, a crypto expert, twitted The Wolf of Bitcoins’ video and described it as the “first viral Bitcoin TikTok.” Schulz noted that he didn’t make this viral video and added that it was his first time seeing a Bitcoin video on TikTok’s feed.

The viral video has gained 1.2 million views and over 109,000 likes at the time of this writing.

New blockchain startup is launched by TikTok’s Owner in China.

It happened right before so-called “first viral Bitcoin TikTok” was published. The new venture is operated in cooperation with state-run Chinese media group and Shanghai Dongfang Newspaper. On December 14 it was reported that ByteDance (TikTok’s owner) has a 49% stake in the project.

In 2019, TikTok has 500 million active users per month. It is third most-downloaded application in the US AppStore. TikTok’s feed is managed by an AI that delivers content which user would likely prefer.

Criticism around TikTok’s approach to suggest the content had risen.

Connie Chan, who is a partner of Andreessen Horowitz venture capital firm, posted in her blog that TikTok “completely controls what users see” by using AI. She wrote:

“The platform can decide to show videos that are upbeat, funny, and/or wholesome — in fact, the entire vibe of the platform is largely under TikTok’s control because they, not users, decide which videos to display. Even if a user subscribes to a creator, there is no guarantee that he/she will see all of the creator’s videos.”