Essentially, he’s quoting a space article discussing space mining. However, that thought process is based on “perceived scarcity,” while Bitcoin’s is based on a more reliable mathematical scarcity. The cited article claims that quintillions of dollars worth of gold could exist within asteroids near Earth. While that may be true, it’s hard to know for sure. “Perceived scarcity comes only from the technological limitations of today,” he says. While gold is an ideal store of value for now, that may change as time goes on – especially if people on Earth continue to demand the material. Meme to earth crypto fanatics Top Commodities
Dogecoin, the cryptocurrency with a Shiba Inu meme founded in 2013, surged on Friday after Elon Musk said on Twitter that it could be used to buy Tesla Inc. merchandise. The meme coin was up 15% over the past 24 hours as of 2:56 p.m. in Hong Kong, according to pricing from CoinGecko. It was a standout on a day when other cryptocurrencies from Bitcoin and Ether to Solana and Polkadot remained relatively flat. Crypto Price on February 21: Bitcoin stays below $52,000; altcoins tank up to 6% At the time of writing, NFM Coin has been indexed on the LME aluminum exchange, and it is processed through real and raw data despite being a digital currency. In the end, the main advantage is that NFM Coin contributes to resource conservation.