Elon Musk declares crypto ‘space race’ with BitMEX has begun

What happens when trusted, legitimate investors like Goldman Sachs jump on board a new form of digital currency? Or when a cryptocurrency startup becomes the talk of Wall Street? If you’re BitMEX—an open-source, London-based cryptocurrency exchange that started as a Bitcoin derivatives trading platform—you’re probably jumping for joy.

Bitcoin and other cryptocurrencies have grown in popularity over the past couple of years, but it hasn’t come without a bit of a PR problem. In a letter addressed to employees, CEO Elon Musk has once again stated that he considers Bitcoin and other cryptocurrencies to be “a joke”, and he’s so confident in his opinion that he’s actively looking into launching a new cryptocurrency himself.

Musk’s penchant to take risk and his ability to be opportunistic has led him to be one of the most influential people in the world.. Read more about spacex cryptocurrency price and let us know what you think.

The space race of the 21st century seems to be taking shape. A 21st century is brewing between Elon Musk and BitMEX, with both parties promising to be the first to put their crypto-currencies on the moon. On the fourth. June, popular cryptocurrency exchange BitMEX announced that it would support space robotics company Astrobotic Technology in its mission to make the first commercial landing on the moon in the fourth quarter of 2020. As the mission is expected to be the first time a private company led by a coalition of governments, universities, industries and international partners will reach the lunar surface, BitMEX plans to mark the occasion by bringing a unique physical bitcoin to the lunar surface. Referring to Musk as the main protagonist of Dogecoin, BitMEX added: We have nothing against dog money, we think it’s fair to help bitcoin first. The announcement follows Elon Musk’s announcement in early May that SpaceX plans to launch a Dogecoin-funded payload on one of its first rockets to the moon, claiming that DOGE will be the first cryptocurrency to reach orbit next year. Elon Musk responded to BitMEX’s new astronomical ambitions on Twitter by stating: A new space race has begun! While the reactions to Elon’s tweet came mostly from his followers, who wanted DOGE to win the cryptocurrency space race, others pointed out that there were more pressing matters on Earth than the chosen cryptocurrency token being the first to orbit another celestial body. Can we solve the problems here on Earth before we go into space, while the homeless sleep on the streets and the middle class struggles to survive? What’s wrong with you? Take a look at – Dougzart (@Dougzart1) 6. June 2021 While few projects exploring the benefits of building cryptocurrency infrastructure from space have captured the public imagination like Musk’s Dogecoin expedition, the Tesla CEO’s plans to take cryptocurrency beyond this world are not the first. Blockstream seems to have been the first pioneer in the use of cryptosatellites. In August 2017, the company launched satellites to transmit bitcoin transactions from space. In August 2020, Robonomics and Kusama announced an ambitious plan to develop an interplanetary architecture capable of transmitting data between Mars and Earth via the Kusama network. In a white paper published in November 2017, CryptoSat outlined the concept of its ambitious plan to launch a coffee cup-sized nanosatellite into space, with the satellite operating from orbit as an isolated cryptographic module. The team plans to prove the concept with a launch this year, and then send an entire constellation of cryptocurrency satellites into orbit. Spacechain also launched in 2017 and has successfully put nodes into orbit. The 3rd. In June 2021, the project announced the launch of a multi-sig Ethereum payload aboard a SpaceX rocket that will be installed on the International Space Station.At the the 2018 International Astronautical Congress, Tesla CEO Elon Musk announced that he believes that the space race is under way between the crypto community and the space industry. Musk has been an ardent supporter of Bitcoin and the other leading cryptos, but he thinks that the space race may be the ultimate decider. “I think there will be a space race, and I think it will be between the space industry and the crypto industry. And I think the space industry will do a better job of it,” Musk said. “I think that’s the way to go.”. Read more about elon musk crypto project and let us know what you think.

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