NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

There’s an Unexpected Silver Lining to J.K. Rowling’s Bitcoin Tirade

Nick Chong
Nick Chong
1 year ago
3 mins read
Bitcoin price bullish

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

For the longest time, Bitcoin has been branded “magical internet money” by both its critics and proponents.

While this moniker is mostly used in a joking context, the crypto community got an injection of magic last week when J.K. Rowling — the billionaire author behind the young-adult novel series “Harry Potter” — talked about Bitcoin for the first time.

Although Rowling first seemed genuinely interested in cryptocurrency, her interest quickly turned into trolling as she tried to grapple with the barrage of BTC-related comments she was receiving.

“People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.),” Rowling wrote, trolling the cryptocurrency community after they spent hours trying to convince her of BTC.

While some saw this as a blow to crypto in that Rowling made the industry look foolish and immature, there’s a silver lining to the famous author’s foray into Crypto Twitter.

Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto

J.K. Rowling’s Bitcoin Tirade Has a Silver Lining

As prominent Bitcoin commentator and proponent Vijay Boyapati pointed out, Rowling may not understand Bitcoin but she “spent the last few days giving many of her 14.6 million followers their first exposure to it.”

This week I'm following @jk_rowling. She professes not to understand #Bitcoin but she has spent the last few days giving many of her 14.6 million followers their first exposure to it. Thank you.https://t.co/Qr0vJJB5Lg

— Vijay Boyapati 🦢 (@real_vijay) May 18, 2020

Indeed, Rowling’s two-dozen or so tweets on Bitcoin have garnered thousands of likes each and equally as many comments, signaling that hundreds of thousands were recently exposed to the cryptocurrency community by the author alone.

Whether or not Rowling’s followers will be converted into BTC holders, though, remains to be seen.

The Other Silver Lining

This wasn’t the only silver lining that Rowling’s recent interactions with the cryptocurrency community created.

While Elon Musk — the chief executive of Tesla and someone who likes to talk cryptocurrency on occasion — was not tagged in any of Rowling’s Bitcoin tweets, he decided to join the conversation.

Responding to the author’s comment that Bitcoin is a whole bunch of “blah blah blah,” Musk replied:

“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.”

Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet 👻 money look solid by comparison

— Elon Musk (@elonmusk) May 15, 2020

The legendary billionaire entrepreneur did assert, however, that he still only owns around $2,500 worth of the asset.

Though, his comment highlights a larger narrative forming in investment circles and in the media on crypto: BTCis becoming more valuable — both intrinsically and actually — due to central banks and governments printing trillions of dollars in response to the economic impacts of the COVID-19 outbreak.

As hedge fund investor Paul Tudor Jones recently explained:

“Every day that goes by that bitcoin survives, the trust in it will go up… If you take cash, on the other hand, and you think about it from a purchasing power standpoint, if you own cash in the world today, you know your central bank has an avowed goal of depreciating its value 2% per year.”

Related Reading: Reddit Just Rolled Out an Ethereum-Based Crypto to Over 20 Million Users
Featured Image from Unsplash
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

免費比特幣空投獎勵引爆加密社區熱潮 BTCBULL預售倒數最後今日!

2025年加密市場熱度逐步升溫,一個名為Bitcoin BULL($BTCBULL)的迷因幣項目正在以「真實比特幣空投」作為武器,在短短數週內迅速吸引了大量資金與媒體焦點。隨著預售進入最後倒數階段,$...

Mark Mak 5 hours ago
Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices,...

Sebastian Villafuerte 5 hours ago
Bitcoin

Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move

Crypto analyst Stockmoney Lizards has provided an update on the current Bitcoin price action, predicting that the flagship crypto could...

Scott Matherson 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Sebastian Villafuerte 1 hour ago
Bitcoin

Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs

Scott Matherson 2 hours ago
Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Samuel Edyme 4 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    10 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    10 hours ago
  • Най-добрите криптовалути преди...

    10 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    10 hours ago
  • BTC

    仮想通貨 おすすめ:BTC Bull...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.