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BitMEX is pioneering a mission in partnership with Pittsburgh-based Astrobotic, Bitcoin Magazine, and Oxcart Assembly to transport a physical Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) to the Moon. 
The event is the culmination of plans first <a href="https://crypto.news/bitmex-collaborates-with-industry-players-to-send-physical-bitcoin-lunar/" target="_blank" rel="noreferrer noopener">announced</a> in May 2023. On Monday, Jan. 8, a privately-built spacecraft is slated to take off from Cape Canaveral Space Force Station, Florida, at 02:18 am ET. 
The physical Bitcoin, valued at approximately $45,000, will be launched on a United Launch Alliance (ULA) Vulcan rocket and integrated into Peregrine-1, a commercial lunar lander. 
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 T-3 days till Bitcoin goes to the Moon. Literally 🌕 To celebrate this, we’re launching a <a href="https://twitter.com/hashtag/BitcoinToTheMoon?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BitcoinToTheMoon</a> trading competition 🚀 📅 8 Jan – Landing date (approx. 15 Feb) 🏆 Up to 100,000 USDT + Omega MoonWatch ➕ A weekly Omega Swatch Lucky Draw for all new joiners More… <a href="https://t.co/8ld0rfWnPB" target="_blank">pic.twitter.com/8ld0rfWnPB</a>— BitMEX (@BitMEX) <a href="https://twitter.com/BitMEX/status/1743271568573342018?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 5, 2024</a>
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Monday’s liftoff will be a first in several instances: the first for Peregrine; the first private spacecraft ever to touch down softly on the moon; and the first Western soft lunar landing since the 1970s. 
According to BitMEX CEO Stephan Lutz, the mission <a href="https://financefeeds.com/bitmex-to-send-bitcoin-to-the-moon-literally/" target="_blank" rel="noreferrer noopener">represents</a> a historical transition for Bitcoin and blockchain technology, highlighting their potential to establish an extra-terrestrial financial system. 
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Following an initial orbit around the Earth, the rocket is expected to set Peregrine-1 on a lunar path, with an anticipated arrival date on the Moon of Feb. 23. 
Throughout the seven-week lunar orbit phase, audiences worldwide can access a live broadcast via NASA TV. 
Lutz shared his excitement about the project, referring to the Bitcoin on the Moon as a time capsule of technological innovation and human achievement, signifying a new era in decentralized finance.&nbsp; 
According to Finance Feeds, <a href="https://crypto.news/tag/BitMEX/" target="_blank" rel="noreferrer noopener">BitMEX</a> co-founder Samuel Reed <a href="https://financefeeds.com/bitmex-to-send-bitcoin-to-the-moon-literally/" data-type="link" data-id="https://financefeeds.com/bitmex-to-send-bitcoin-to-the-moon-literally/" target="_blank" rel="noopener">echoed</a> Lutz’s sentiment. The mission aims to inspire a new generation of pioneers to venture into the uncharted realms of technology and finance, he said. 
Meanwhile, the owners of ULA — Lockheed Martin and Boeing — are reportedly close to <a href="https://arstechnica.com/space/2023/11/sale-of-united-launch-alliance-is-nearing-its-end-with-three-potential-buyers/" data-type="link" data-id="https://arstechnica.com/space/2023/11/sale-of-united-launch-alliance-is-nearing-its-end-with-three-potential-buyers/" target="_blank" rel="noopener">selling</a> the Colorado-based launch company. The Jeff Bezos-owned space company Blue Origin is rumored to be among the interested buyers. 
 You might also like: <a href="https://crypto.news/bitcoin-etf-cpi-inflation-dominate-crypto-discourse/"> Bitcoin ETF, CPI, inflation dominate crypto discourse </a> 
<h2 class="wp-block-heading" id="strong-dogecoin-to-the-moon-too-strong">Dogecoin to the moon, too</h2> 
BitMEX’s mission is not the first of its kind. In November 2023, the Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="noreferrer noopener">DOGE</a>) team announced it would send a <a href="https://fortune.com/crypto/2023/11/17/dogecoin-moon-astrobotic-lunar-lander-elon-musk-vulcan-rocket/" target="_blank" rel="noreferrer noopener">physical DOGE</a> to the Moon. 
The physical meme coin was part of Astrobotic’s first Peregrine Mission (PM1), which was set to deliver 21 payloads from various stakeholders, including governments, businesses, universities, and NASA’s Commercial Lunar Payload Services initiative.&nbsp; 
In addition, the cargo was to include the original Bitcoin block, known as the Genesis Block, a venture sponsored by Bitcoin Magazine.&nbsp; 
Previously, Dogecoin was associated with a SpaceX lunar mission financed by DOGE tokens. It was a project of the Canadian firm Geometric Energy Corp., which declared it the first commercial lunar payload fully funded by DOGE. Nevertheless, the SpaceX mission was <a href="https://crypto.news/spacexs-doge-1-mission-to-moon-reportedly-delayed/" target="_blank" rel="noreferrer noopener">delayed</a> and rescheduled for a January 2024 launch. 
While BitMEX’s mission to send a physical Bitcoin to the Moon may represent an exciting development, the crypto exchange’s founder and former CEO, Arthur Hayes, recently predicted a bearish trend. Hayes anticipates a severe 20% to 30% correction in Bitcoin from its expected gains, particularly if spot Bitcoin ETFs in the U.S. start trading. 
In a blog <a href="https://cryptohayes.medium.com/signposts-693ba565cd3e" target="_blank" rel="noreferrer noopener">post</a> published just days before the expected launch of the physical Bitcoin to the Moon, Hayes wrote he was getting ready for a “vicious washout of all crypto tourists in March of this year.” For that reason, he stated he would not buy BTC until well past March. 
At the time of this report, the coin was trading at $43,894, representing a 0.2% price increase in the past 24 hours and 3.6% over seven days. 
 Read more: <a href="https://crypto.news/bitmex-founder-forecasts-healthy-btc-correction/"> BitMEX founder forecasts ‘healthy’ BTC correction </a>

Bitcoin heads to the Moon in historic BitMEX endeavor

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