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TV Host Stephen Colbert Mentions Bitcoin During His Anti-Trump Tirade

  • Alex Dovbnya
    📰 News

    Bitcoin and Blockchain get mainstream exposure on Stephen Colbert's "Late Show"

TV Host Stephen Colbert Mentions Bitcoin During His Anti-Trump Tirade
Cover image via www.facebook.com

During the latest episode of "Late Show," Bitcoin got embroiled in Stephen Colbert's anti-Trump rant.

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Colbert listed a slew of things he would do rather than attending a Trump rally after the POTUS held his MAGA event in Lousiana to throw his support behind gubernatorial candidate Eddie Rispone.

The famed comedian claimed that he would rather attend the dentist or have a conversation with someone who knows a lot of Bitcoin among many other things that would be better than spending time with a bunch of cheering Trump supporters

"The DMV, the dentist, someone else’s child’s clarinet recital, a Soviet gulag, covered in honey and staked to an anthill, sliding down a 50-foot razor blade into a bathtub full of gin, and in conversation with someone who knows a lot about Bitcoin."

Colbert also mentioned Blockchain, the very technology that powers Bitcoin and other cryptocurrencies.   

"Go on, go on about Blockchain."  

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It seems apparent that Colbert still fails to understand Bitcoin. Back in December 2017, he confessed about knowing nothing about Bitcoin while the crypto craze was swiftly taking over the world.

Even after the initial bubble phase, Bitcoin still remains just a buzzword for the general public.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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