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.
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