{"id":410583,"date":"2020-01-12T02:30:40","date_gmt":"2020-01-12T02:30:40","guid":{"rendered":"https:\/\/wncen.com\/?p=410583"},"modified":"2024-06-11T13:40:20","modified_gmt":"2024-06-11T13:40:20","slug":"late-night-host-exposed-millions-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/late-night-host-exposed-millions-bitcoin\/","title":{"rendered":"This Late Night Host Just Exposed Millions to Bitcoin, Again"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/category\/crypto\/bitcoin\/\">Bitcoin<\/a>\u00a0is going mainstream. Kinda. It\u2019s going mainstream in a weird twisted and sadistic way, anyway.<\/p>\n<p>On the Friday night episode of<a href=\"https:\/\/www.youtube.com\/channel\/UCMtFAi84ehTSYSE9XoHefig\" rel=\"nofollow\"> The Late Show with Stephen Colbert,<\/a> hosted by, uh, American comedian and personality Stephen Colbert, brought up the leading cryptocurrency, thrusting Bitcoin into the brain of millions in a weird way.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2020\/01\/11\/crypto-tidbits-elon-musk-bitcoin-bear-japanese-cryptocurrency-mining-baidu-blockchain-beta\/\">Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu\u2019s Blockchain Beta<\/a><\/h6>\n<h2><strong>Bitcoin, a Black Market Fiat Money?<\/strong><\/h2>\n<p>In this latest episode of Colbert&#8217;s show, he used Bitcoin, specifically the sometimes shady mining aspect of the cryptocurrency, to open up his &#8220;Meanwhile&#8221; segment, quipping:<\/p>\n<blockquote><p>&#8220;Once in a while, I like to scrap together a bunch of old, stolen computers, throw them in a basement with an illegal hook-up to the municipality power supply, and mine for Bitcoin that makes up the black market fiat currency news that is my segment.&#8221;<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin shout-out last night on The Late Show with Stephen Colbert <a href=\"https:\/\/t.co\/XH0WEuKsEu\" rel=\"nofollow\">pic.twitter.com\/XH0WEuKsEu<\/a><\/p>\n<p>&mdash; Rhythm (@Rhythmtrader) <a href=\"https:\/\/twitter.com\/Rhythmtrader\/status\/87021824?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 11, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is the latest time he has mentioned our favorite yellow-orange coin in the past few months. Previously, <a href=\"https:\/\/wncen.com\/2019\/11\/09\/stephen-colbert-pokes-fun-bitcoin-monologue-mainstream-gone-wrong\/\">as reported by this very outlet<\/a>, Colbert joked that Bitcoin is a boring topic in the following context:<\/p>\n<blockquote><p>&#8220;Let\u2019s see, places I\u2019d rather be than a Trump rally off the top of my head: the DMV, the dentist, someone else\u2019s child\u2019s clarinet recital, a Soviet gulag, covered with honey and staked on an anthill, sliding down a 50-foot razor blade into a bathtub of gin, and in conversation with someone that knows a lot about Bitcoin \u2014 go on, go on about blockchain.&#8221;<\/p><\/blockquote>\n<p>This continues a trend of show hosts bashing Bitcoin. In 2018, British comedian John Oliver did an entire segment on crypto. And no, he didn&#8217;t laud BTC, he instead took some time to mention BitConnect, including the age-old video of Carlos Matos waxing poetic about the benefits of the \u201cinvestment opportunity,\u201d along with \u201cmeme\u201d altcoin Dogecoin, which then had an extremely high valuation nearing $1 billion.<\/p>\n<h6 style=\"text-align: center\">Related Reading:<a href=\"https:\/\/wncen.com\/2020\/01\/10\/why-analysts-think-bitcoin-price-verge-of-crash-6000\/\">\u00a0Why Analysts Think Bitcoin Price On Verge of Crash to $6,000<\/a><\/h6>\n<h2><strong>Not All Celebrity Mentions Are Bad<\/strong><\/h2>\n<p>While Colbert is seemingly joining the Bitcoin hate train that already has Warren Buffett and <a href=\"https:\/\/wncen.com\/2019\/09\/19\/bitcoin-price-rocket-fuel-trump-lambasts-federal-reserve-after-rate-cut\/\">President Trump<\/a> on board, not all celebrities hate BTC.<\/p>\n<p>Last February, Elon Musk \u2014 co-founder of PayPal, chief executive of SpaceX and Tesla, founder of the Boring Company, among other titles \u2014 discussed his thoughts on Bitcoin seemingly for the first time.<\/p>\n<p>To the surprise of many, he shared his excitement for the technology, claiming that the cryptocurrency has an underlying structure that is \u201cquite brilliant,\u201d adding that he thinks maybe Ethereum and \u201cmaybe some of the others\u201d might have technological merit. The renowned technologist concluded by stating that he thinks \u201cwithout a doubt\u201d that crypto is a \u201cfar better way to transfer value than pieces of paper.\u201d<\/p>\n<p>Musk\u2019s love for Bitcoin was echoed by other prominent technologists, namely Jack Dorsey, the head of both Twitter and fintech company Square. Dorsey said on the Joe Rogan Podcast that he thinks Bitcoin will soon become the native currency of the Internet, before adding in a Square earnings call that he \u201cloves Bitcoin.\u201d<\/p>\n<h6 style=\"text-align: center\">Related Reading:<a href=\"https:\/\/wncen.com\/2020\/01\/07\/xrps-epic-12-rally-bullish-ethereum-heres-why\/\">\u00a0XRP\u2019s Epic 12% Rally is Bullish for Ethereum Price; Here\u2019s Why<\/a><\/h6>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u00a0is going mainstream. Kinda. It\u2019s going mainstream in a weird twisted and sadistic way, anyway. On the Friday night episode of The Late Show with Stephen Colbert, hosted by, uh, American comedian and personality Stephen Colbert, brought up the leading cryptocurrency, thrusting Bitcoin into the brain of millions in a weird way. Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu\u2019s Blockchain Beta Bitcoin, a Black Market Fiat Money? In this latest episode of Colbert&#8217;s show, he used Bitcoin, specifically the sometimes shady mining aspect of the cryptocurrency, to open up his &#8220;Meanwhile&#8221; segment, quipping: &#8220;Once in a while, I like to scrap together a bunch of old, stolen computers, throw them in a basement with an illegal hook-up to the municipality power supply, and mine for Bitcoin that makes up the black market fiat currency news that is my segment.&#8221; Bitcoin shout-out last night on The Late Show with Stephen Colbert pic.twitter.com\/XH0WEuKsEu &mdash; Rhythm (@Rhythmtrader) January 11, 2020 This is the latest time he has mentioned our favorite yellow-orange coin in the past few months. Previously, as reported by this very outlet, Colbert joked that Bitcoin is a boring topic in the following context: &#8220;Let\u2019s see, places I\u2019d rather be than a Trump rally off the top of my head: the DMV, the dentist, someone else\u2019s child\u2019s clarinet recital, a Soviet gulag, covered with honey and staked on an anthill, sliding down a 50-foot razor blade into a bathtub of gin, and in conversation with someone that knows a lot about Bitcoin \u2014 go on, go on about blockchain.&#8221; This continues a trend of show hosts bashing Bitcoin. In 2018, British comedian John Oliver did an entire segment on crypto. And no, he didn&#8217;t laud BTC, he instead took some time to mention BitConnect, including the age-old video of Carlos Matos waxing poetic about the benefits of the \u201cinvestment opportunity,\u201d along with \u201cmeme\u201d altcoin Dogecoin, which then had an extremely high valuation nearing $1 billion. Related Reading:\u00a0Why Analysts Think Bitcoin Price On Verge of Crash to $6,000 Not All Celebrity Mentions Are Bad While Colbert is seemingly joining the Bitcoin hate train that already has Warren Buffett and President Trump on board, not all celebrities hate BTC. Last February, Elon Musk \u2014 co-founder of PayPal, chief executive of SpaceX and Tesla, founder of the Boring Company, among other titles \u2014 discussed his thoughts on Bitcoin seemingly for the first time. To the surprise of many, he shared his excitement for the technology, claiming that the cryptocurrency has an underlying structure that is \u201cquite brilliant,\u201d adding that he thinks maybe Ethereum and \u201cmaybe some of the others\u201d might have technological merit. The renowned technologist concluded by stating that he thinks \u201cwithout a doubt\u201d that crypto is a \u201cfar better way to transfer value than pieces of paper.\u201d Musk\u2019s love for Bitcoin was echoed by other prominent technologists, namely Jack Dorsey, the head of both Twitter and fintech company Square. Dorsey said on the Joe Rogan Podcast that he thinks Bitcoin will soon become the native currency of the Internet, before adding in a Square earnings call that he \u201cloves Bitcoin.\u201d Related Reading:\u00a0XRP\u2019s Epic 12% Rally is Bullish for Ethereum Price; Here\u2019s Why Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":410597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1558,14249],"class_list":["post-410583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrency","tag-stephen-colbert"],"acf":[],"yoast_head":"\n<title>This Late Night Host Just Exposed Millions to Bitcoin, Again<\/title>\n<meta name=\"description\" content=\"Bitcoin\u00a0is going mainstream. Kinda. 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