Space exploration and exploitation have traditionally been nationalist endeavors.
But the rise of the12-digit billionairehas suddenly made outer space look like open territory.
Simply put, Bezos interest in the space sector likely wont end with offering consumer thrill rides.
It’s free, every week, in your inbox.
But, obviously, Bezos isnt the only private citizen with a spaceship company.
And we cant forget Richard Branson.
Lets also not forget that Virgins dabbled in everything from railroad technology to record labels.
And the list goes on.
Anyone with a few billion dollars has business options and opportunities that extend beyond our planets surface.
Space for profit
In the past, weve discussed the idea of mining space asteroids for profit.
Some experts believe there are unimaginable fortunes floating around in space in the form of resource-rich asteroids.
In fact, you’re free to even geta degree in asteroid mining.
Andeven Goldman Sachshas considered getting in on the action.
However, theres more than one kind of mining you might do in space.
A new space race has begun!
The coin will hold one bitcoin at an address to be publicly released, underneath a tamper-evident hologram covering.
According to BitMEX, this isnt just a ceremonial or token delivery.
Per the companysblog post:
Credit:BitMEX
Come and Get It.
When the physical coin lands, it will remain on the Moon until anyone deems it worthy of retrieval.
Decades from now, what will it be worth?
Its a great question.
But an even better question is this: Whats the end game for cryptocurrency in space?
Of course, we still havent seen a trillionaire in modern history.
Thats why many experts view Elon Musks heavy involvement in cryptocurrency as the potential difference maker.
Simply put: Elon Musk has more control over the so-called volatile world of cryptocurrency than most.
But thats not the only purpose they serve.
These acts remind us that people like Musk and Bezos can do anything they want.
If they want to put a coin on the Moon, they have the means to do it.
But the Moons atmosphereisnt necessarily as fragile as the Earths.
Hypothetically speaking, theres nothing to stop a billionaire from building a facility on the Moon to mine cryptocurrency.
All of this is conjecture, but the writing is on the wall.
Cryptocurrency enthusiasts fear what the experts are consistently warning:regulation is coming.
This could seriously hinder the market.
Billionaires dont become billionaires by doing that.
