Don’t Understand Bitcoin? Think Of It As A Digital Goat, Says Ellen Degeneres

American television host Ellen Degeneres took a jab explaining what Bitcoin (BTC) was to her live audience yesterday, Feb. 15, by comparing the digital currency to a goat that “doesn’t exist except for on that Internet.”

After asking the audience who has heard of Bitcoin to applause, and then asking who can explain what Bitcoin is, Degeneres answered her own question:

“Nobody knows how it works. Nobody. Everybody’s talking about Bitcoin and nobody understands it. It’s like a plot twist in a confusing movie.”

While her comparison of Bitcoin’s digital nature as similar to that of a picture of a cute goat that only exists online doesn’t fully transmit a solid understanding of cryptocurrency, Degeneres does correctly explain that BTC works “sort of like the stock market” and that one can store their Bitcoin in a digital wallet that can either be off or online…

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