Multi-billionaire entrepreneur Elon Musk says it could be possible to use Bitcoin on Mars, though the transaction settlement speed could pose challenges.
While initially hesitant to the idea of using Bitcoin (BTC) as currency on Mars, Tesla CEO and SpaceX founder Elon Musk may have just come around on the matter — but barely.
In an X Spaces titled ‘ARK 21Shares Bitcoin ETF (ARKB) Approved,’ with ARK Invest CEO Cathie Wood, Musk initially shot down using Bitcoin as a Martian currency due to the significant time it takes to settle transactions.
This comes amid Musk’s ongoing vision of building a colony on Mars by 2050, contending that humans must evolve into a multi-planet species to survive.
