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Mars

Elon Musk

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 <p>Tech billionaire Elon Musk recently spoke at an X Spaces discussion with ARK Invest CEO Cathie Wood. During the discussion, Elon Musk said using Bitcoin (BTC) on Mars is possible, but transaction speeds could pose a challenge.</p>
 <p>Musk was initially hesitant to accept the use of BTC on the red planet. He stated, “<strong>It would make sense to use some kind of cryptocurrency on Mars. You couldn’t use Bitcoin because the reconciliation is too long.</strong>“</p>
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    <p lang="en" dir="ltr">Elon answers what money he would use on Mars: pic.twitter.com/VJQeIM0qqJ</p>
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    </div> — Sam Callahan (@samcallah) January 11, 2024
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 <p><strong>Also Read: Bitcoin (BTC) To Rally 1000% and Hit $532,000: Predicts Analyst</strong></p>
 <p>The SpaceX chief plans to build a colony on Mars by the year 2050. Musk believes that humans must evolve into a multi-planet species to survive.</p>
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 <p>However, despite the initial hesitance, Elon Musk concluded that it might be possible to use Bitcoin on Mars. Nonetheless, he admitted that there would still be challenges. He stated, “<strong>Perhaps you can use Bitcoin to some degree, but it would be difficult to use it a lot on Mars.</strong>“</p>
 <p>Later, BTC core developer Matt Corallo suggested that a localized Lightning Network could counter the slow transaction problem, to which Musk agreed.</p>
 <h3 class="wp-block-heading" id="h-will-bitcoin-btc-reach-an-all-time-high-in-2024">Will Bitcoin (BTC) reach an all-time high in 2024?</h3>
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 <p>BTC is the biggest cryptocurrency and also the oldest. Moreover, it is one of the best-performing assets in the last decade, outperforming stocks and other commodities. Yesterday, the SEC (Securities and Exchange Commission) approved a spot BTC ETF (Exchange Traded Fund), which may lead to a surge in institutional funding for the asset.</p>
 <p><strong>Also Read: Spot Bitcoin ETF Could Push BTC Price to $200k: Standard Chartered</strong>.</p>
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 <p>Many analysts and financial institutions anticipate BTC’s price to surge later this year. According to Standard Chartered, the spot BTC ETF could push the asset’s price to $200,000 by the end of 2025. Renowned crypto trader and analyst PlanB predicts Bitcoin (BTC) could surge to $532 by the end of 2025.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-elon-musk-considers-using-btc-on-mars-tbt76349.html">https://thebittimes.com/bitcoin-elon-musk-considers-using-btc-on-mars-tbt76349.html</a></p>

Bitcoin: Elon Musk Considers Using BTC On Mars

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