Although Bitcoin’s prise has risen parabolically it’s still not being talked about – could an appearance on a TV Game Show change that?
Legacy Bitcoin’s price has gone up considerably over the past month and even reached a high of $13,800 just a week ago although it has declined to the mid $11,000’s since. Having said that, it seems that the world’s largest cryptocurrency by market cap is not featuring at all in the news when compared to what used to happen in November/December 2017 when there was a complete craze over Bitcoin.
However, with the price once again creeping up to near record highs, this could all begin to change slightly. Some good news for beleaguered crypto enthusiasts who have taken a considerable beating over the past few months was Bitcoin featuring on the popular TV game show Double Jeopardy. This could just be the right timing as interest in Bitcoin starts to ratchet up again.
During the July 1st episode of the show, host Alex Trebek asked a question regarding which technology is used by Bitcoin and the esay answer of course was Blockchain. Once again the debate rages between the usage of cryptocurrencies as an asset class or the underlying technology behind it which could be a revolutionary use case for several industries such as agriculture, transport and other similar sectors. Whilst appearing on a popular game show isn’t going to do wonders for its professional image, there are already signs that Bitcoin is being talked about a bit more than what was happening in the past few days even in the context of its parabolic bull run.
Still, we are a long way off from the sensational buzz that was surrounding Bitcoin in the latter quarter of 2017 although that may be about to change as the price continues to move upwards. What has changed is that Bitcoin and other digital currencies are being used far more than in those heady days. Jack Dorsey’s Square is now using it whilst giants such as Starbucks and Fidelity Investments are actually dabbling in cryptocurrency with the former accepting it as a form of payment in its stores. Another positive for Bitcoin is that the number of ATM’s has exploded over the past year and there seems to be no sign of stopping this phenomenon. So when Bitcoin reclaims it’s all-time high again, perhaps people will begin noticing it that little bit more.