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DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun

June 10, 2021. Summarized by summa-bot.

Compression ratio: 43.7%. 1 min read.

A crypto space race is brewing, with BitMEX planning to launch BTC into lunar orbit before Elon Musk takes Dogecoin to the moon.

A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first.

On June 4, the popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm, Astrobotic Technology, in the company’s mission to send its first commercial lander to the moon during Q4 2020.

The announcement followed Elon Musk’s early May news that SpaceX is planning to launch a Dogecoin-funded payload on one of its first rockets to the moon, asserting that DOGE would become the first cryptocurrency to reach lunar orbit next year.

Elon Musk responded to BitMEX’s newfound astronomic ambitions on Twitter, proclaiming: “A new space race has begun!”

While replies to Elon’s tweet are largely his followers barracking for DOGE to win the crypto space race, others noted there are more pressing problems on Earth than whether one’s crypto token of choice is the first to enter the orbit of another celestial body.

CryptoSat outlined the concept behind its ambitious plan to launch a nano-satellite the size of a coffee mug into space in a November 2017 whitepaper, with the satellite slated to operate as an isolated cryptographic module from orbit.

by summa-bot

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