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ETH $2,492.79 +0.29%
BNB $750.30 -0.80%
XRP $1.42 +1.80%
SOL $103.91 +0.41%
TRX $0.3388 +0.17%
DOGE $0.0905 +0.00%
ADA $0.2189 -0.49%
BCH $257.91 +0.14%
LINK $11.98 -5.54%
HYPE $86.03 +2.35%
AAVE $128.94 -1.70%
SUI $0.8107 -1.60%
XLM $0.1883 -1.46%
ZEC $1,246.21 +8.68%

Musk calls Bitcoin "engineered scarcity."

2024-01-16 18:58:58

ChainCatcher message, during a discussion with Cathy Wood on the topic of "ARK 21Shares receiving Bitcoin ETF approval" in Spaces, Elon Musk commented on Bitcoin as "engineered scarcity."

Note: Engineered scarcity is a concept that typically creates artificial value and utility through technology, allowing people to store wealth in things that maintain purchasing power over the long term. It is crucial in a world rich with robots and artificial intelligence, as it ensures long-term financial security.

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