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BNB $606.83 -0.17%
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TRX $0.3310 -0.52%
DOGE $0.0697 -0.65%
ADA $0.1767 -2.10%
BCH $203.70 -0.90%
LINK $9.49 -0.80%
HYPE $57.20 +1.41%
AAVE $86.25 -0.25%
SUI $0.6763 -1.31%
XLM $0.1569 -1.40%
ZEC $487.23 -1.46%

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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