SpaceX should treasure gold ingots on the moon or Mars. Not bitcoins. Buying and holding onto bitcoins does not create scarcity pressure because human beings being human beings will eventually yield to a little market red and sell.

Now put 100 tons of gold ingots on Mars and next month, red everywhere. Oops, gotta wait out a year before you cash out.

Hence, any mispriced feelings causing market panic get put aside. Back to reality. Back to low time preference.

Stacker_Stocks

econ

There’s a SpaceX Treasury Company (Money Stuff, Matt Levine)

denlillaapan

SpaceX should treasure gold ingots on the moon or Mars. Not bitcoins. Buying and holding onto bitcoins does not create scarcity pressure because human beings being human beings will eventually yield to a little market red and sell.
Now put 100 tons of gold ingots on Mars and next month, red everywhere. Oops, gotta wait out a year before you cash out.
Hence, any mispriced feelings causing market panic get put aside. Back to reality. Back to low time preference.