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Bitcoin Is Heading to the Moon and for Once It's Meant Literally, Courtesy of BitMEX
BitMEX has announced plans to deposit a physical wallet containing a single bitcoin on the moon's surface.
"(Insert coin name here) is going to the moon" is said so often by people trying to get the prices of their favorite cryptocurrencies into figurative outer space it's become hackneyed. Lately, however, the phrase has taken on a more literal meaning.
STORY CONTINUES BELOW
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- In early May it was announced SpaceX will launch the “DOGE-1 Mission to the Moon” early next year with the Elon Musk-helmed company accepting the meme-inspired cryptocurrency as payment.
- Then, this past Thursday, SpaceX launched an Ethereum node to the International Space Station, the first time such a node has been put into space. Docking occurred Saturday.
- BitMEX, however, is taking it even further, targeting one large step for bitcoin. The crypto exchange recently announced plans to deposit a physical wallet containing a single bitcoin on the surface of the moon. The wallet will be in the form of a commemorative coin.
- To do this, BitMEX is helping to fund space robotics company Astrobotic's efforts to put its Peregrine commercial lander on the moon. That landing is scheduled for Q4, just ahead of "DOGE-1 Mission to the Moon," a fact BitMEX was happy to point out.
- "One Dogecoin protagonist/EV car innovator/space enthusiast recently laid down the gauntlet in saying he plans to send [dogecoin] to the Moon. We’ve nothing against Dog Money, we felt it was only right to help bitcoin get there first."
- That's some dark-side-of-the-moon-type shade right there.
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
