Bitcoin (BTC) is currently valued at $46,859, and it’s making a unique journey towards the moon. A cryptocurrency wallet containing at least 1 BTC is on board the lunar rocket Vulcan Centaur, traveling alongside astronauts. This space vehicle was launched from the Cape Canaveral Space Force Station and is expected to reach the moon by mid-February.
BitMEX, a cryptocurrency derivatives exchange, organized this extraordinary trip to send physical Bitcoin to the moon. The announcement of BTC’s space voyage was made on May 18, 2023. It’s worth noting that the physical BTC also serves as a crypto wallet, and it will have a publicly known vanity address. This allows anyone interested to send additional Bitcoin to it and witness its redemption when someone eventually collects it. BitMEX explained:
“The coin will be a registered payload on the Peregrine-1 manifest and will remain on the Moon’s surface until someone ventures to retrieve it.”
After separating from the rocket, the physical coin and the space crew are now being transported by Astrobotic Technology’s spacecraft Peregrine-1. If all goes according to plan, this space vehicle will touch down on the moon on February 23.
The Peregrine-1 mission, named after one of Earth’s fastest animals, marks the first United States moon landing mission since the Apollo program in the 1970s.
BitMEX CEO Stephan Lutz emphasized that while this mission is a significant achievement in space exploration, it also represents the first step towards establishing a monetary system for a space-based economy. Lutz sees the Bitcoin on the moon as a “time capsule” capturing one of the most significant innovations in human history. He expressed excitement about the possibilities for decentralized finance, where financial systems transcend earthly boundaries and empower individuals throughout the cosmos.
BitMEX’s initiative to send Bitcoin into space plays on the popular phrase “to the moon,” often used by cryptocurrency enthusiasts to express their hopes for a bullish market trend.
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