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DOGE $0.0733 -0.91%
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BCH $221.79 -2.91%
LINK $8.39 -1.50%
HYPE $62.66 -6.88%
AAVE $92.45 -4.43%
SUI $0.7483 -0.16%
XLM $0.1894 +1.47%
ZEC $544.38 -4.65%

Musk calls Bitcoin "engineered scarcity."

2024-01-16 18:58:58
Collection

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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