In a race against Elon Musk’s Dogecoin aspirations, Bitcoin will be sent to the Moon.

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In a race against Elon Musk’s Dogecoin aspirations, Bitcoin will be sent to the Moon.

BitMEX, a cryptocurrency exchange, plans to send a physical bitcoin to the Moon to compete with Elon Musk’s idea of putting a Dogecoin on our lunar satellite.

Elon Musk, the CEO of SpaceX, stated earlier this year that his company plans to place a “literal Dogecoin” on the Moon’s surface. Now, in an effort to bolster the bitcoin agenda, one startup is aiming to send a physical bitcoin coin to the Moon as well.

BitMEX, a cryptocurrency exchange, has announced that it will launch a bitcoin to the Moon later this year.

In November 2021, the corporation will deposit a bitcoin inside a rocket from Astrobotic Technology, a private space company that is sending scientific equipment to the Moon for NASA.

According to BitMEX and Astrobiotic’s mission statement, the “one-of-a-kind” manufactured currency will remain on the Moon’s surface “until some adventurous soul travels to retrieve it.”

“One Dogecoin protagonist / EV car innovator / space enthusiast recently put down the gauntlet by declaring he plans to send Doge to the Moon,” BitMEX claimed on its website.

“We have nothing against Dog Money, but we believed it was only fair to assist Bitcoin in getting there first.

“We wanted this world-changing cryptocurrency to be a part of this historic occasion as long-term supporters of bitcoin and to underscore our faith in the robustness of its protocol.

“BitMEX will produce a one-of-a-kind physical bitcoin, comparable to the Casascius coins sent to the Moon by Astrobotic in 2013.”

“Underneath a tamper-evident holographic covering, the coin will carry one bitcoin at a publicly disclosed address.”

“My day job is to help explore the potential of crypto beyond fiat currencies, therefore it’s incredibly exciting to be a part of a project to research human space presence beyond Earth,” BitMEX CEO Alex Höptner said.

“Despite all the hoopla about bitcoin getting to the Moon, we’re going to do it.

“We are ecstatic to be supporting Astrobotic’s mission to land a commercial lander on the Moon.”

Bitcoin has taken a beating in recent weeks after Elon Musk and Tesla declared that they will no longer accept Bitcoin as payment.

Bitcoin was around £41,000 at the beginning of May, but it has nearly doubled in the five weeks since then.

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