Musk comments on Bitcoin as "engineering scarcity"
In a segment of the ₿itcoin Disclosure Spaces, Elon Musk commented on bitcoin as "engineered scarcity" during a discussion with Cathy Wood about "ARK 21Shares obtaining approval for a bitcoin ETF".
It is reported that engineered scarcity is a concept that is typically achieved through technology to create artificial value and utility, encouraging people to store wealth in something that maintains purchasing power over the long term. In a world abundant with robots and artificial intelligence, it is crucial because it ensures long-term financial security.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Germany: Growth recovery stays moderate – Commerzbank
According to Grayscale, Bitcoin is Undergoing a Significant Change: “Approaching Gold!” What Does This Mean for BTC?
US Stock Movement | Marvell Technology (MRVL.US) plunges nearly 9% due to slow “booking” of Google’s large order
On Friday, Marvell Technology (MRVL.US) opened lower, with losses widening to nearly 9% as of press time.
BioNTech Shares Fall After Ending Phase 2 Colorectal Cancer Trial
Crypto prices
More
