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ETH $2,487.94 +0.18%
BNB $750.07 -0.95%
XRP $1.42 +1.64%
SOL $103.77 +0.31%
TRX $0.3388 +0.28%
DOGE $0.0903 +0.25%
ADA $0.2185 -0.34%
BCH $257.73 +0.18%
LINK $12.07 -4.59%
HYPE $85.97 +2.48%
AAVE $129.11 -1.34%
SUI $0.8091 -1.66%
XLM $0.1881 -1.15%
ZEC $1,238.96 +7.99%

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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