News

Breaking down Bitcoin the Ellen DeGeneres way

single-image

Image caption – The Ellen DeGeneres show featured Bitcoin, the most popular cryptocurrency that is making inroads into mainstream financial discourse.

After finding its way to popular discourse on the back of an unprecedented rally that saw prices rise over 20000%, Bitcoin found mention in the popular Ellen DeGeneres show. In its 15th run, the successful show that draws over three million views featured a segment on Bitcoin as host Ellen told her audience she was ‘down with’ Bitcoin.

Asserting that no one understands Bitcoin while all profess to know how it works, the host proceeded to educate her audience on Bitcoin with funny analogies and wisecracks. Alluding to Bitcoin’s decentralised nature, Ellen likened it to a goat that you want to pet but can’t, because it’s virtual and only exists on the internet. She also mentioned how Bitcoin can be stored in hardware wallets and joked how one could lose all their savings to the washing machine.

The host also pointed out how Bitcoin paralleled stocks, with fluctuating prices and the opportunity to make profits off the volatility. Ellen concluded the segment with a word of caution, telling her audience that if they were to invest in Bitcoin, they could either become millionaires or go broke.

Known for giving out expensive gifts to audience who appear on her show, it doesn’t seem like any Bitcoin was given out. You can check out Ellen’s tweet on Bitcoin (with an accompanying video) here. The viral tweet has garnered over a million views since it was posted.

Source – Ellen DeGeneres talks Bitcoin

You may also like