Bitcoin goes to the moon in historic BitMEX effort
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BitMEX is partnering with Pittsburgh-based Astrobotic, Bitcoin Magazine and Oxcart Assembly to pioneer a mission to deliver physical Bitcoin (BTC) to the moon.
The event is the culmination of plans first announced in May 2023. On Monday, January 8, a privately built spacecraft is scheduled to take off from the Space Force Station in Cape Canaveral, Florida at 02:18 a.m. ET.
Approximately $45,000 worth of physical Bitcoin will be launched aboard a United Launch Alliance (ULA) Vulcan rocket and integrated into the commercial lunar lander Peregrine-1.
Monday’s liftoff was a first in many cases: a first for Peregrine; the first private spacecraft to land gently on the moon; and the first Western soft landing on the moon since the 1970s.
BitMEX CEO Stephan Lutz stated that its mission represent The historic transformation of Bitcoin and blockchain technology highlights their potential to build an alien financial system.
After an initial orbit around Earth, the rocket is expected to place Peregrine-1 into lunar orbit, with an expected arrival date of February 23.
During the seven-week lunar orbit phase, viewers around the world can watch live on NASA TV.
Lutz shared his excitement for the project, calling Bitcoin on the Moon a time capsule of technological innovation and human achievement that marks a new era of decentralized finance.
According to Finance Feeds, BitMEX co-founder Samuel Reed echo Luz’s thoughts. The mission, he said, is to inspire a new generation of pioneers to venture into uncharted territories in technology and finance.
Meanwhile, ULA’s owners – Lockheed Martin and Boeing – are reportedly close to Sell Colorado-based launch company. Blue Origin, the space company owned by Jeff Bezos, is also rumored to be an interested buyer.
Dogecoin can also go to the moon
BitMEX’s mission is not the first. In November 2023, the Dogecoin (DOGE) team announced that it would send physics dog To the moon.
The Physics Meme Coin is part of Astrobotic’s first Peregrine Mission (PM1), which is designed to deliver 21 payloads from various stakeholders, including governments, industry, universities and NASA’s Commercial Lunar Payload Services program .
Additionally, the shipment includes the original Bitcoin block, known as the Genesis Block, a project sponsored by Bitcoin Magazine.
Dogecoin has previously been associated with the SpaceX moon mission funded by DOGE tokens. This is a project of Canadian company Geometry Energy, which claims it is the first commercial lunar payload fully funded by DOGE. Despite this, the SpaceX mission was delayed and rescheduled for a January 2024 launch.
While BitMEX’s mission to send physical Bitcoin to the moon may represent an exciting development, the cryptocurrency exchange’s founder and former CEO Arthur Hayes recently predicted a bearish trend. Hayes predicts that Bitcoin’s expected gains will be sharply revised by 20% to 30%, especially if a U.S. spot Bitcoin ETF begins trading.
in blog postal Hayes, who published the post just days before an expected launch of physical Bitcoin to the moon, wrote that he was preparing for a “vicious purge of all crypto tourists this March.” Therefore, he said he would not buy Bitcoin until after March.
At the time of this report, the coin was trading at $43,894, with prices up 0.2% in the past 24 hours and 3.6% in seven days.
