Will We Need Money In Space? Apparently, Yes | Forbes

In the United States alone, the U.S. Chamber of Commerce estimates that $31 billion was invested in the private space economy over the past ten years, nearly a third of which—$10 billion—came during the first three quarters of last year alone. While Morgan Stanley estimates the global space economy will reach $1 trillion by 2040, senior CFTC economist, George Pullen, puts the number closer to $4 trillion by the same year.

“In an idealized version of the future space economy, we will have both national actors, private actors, large corporations all functioning together in an economy where they need to buy and sell, and trust each other as they buy and sell,” says Pullen, speaking in his capacity as a founder of consulting firm, MilkyWayEconomy. “Blockchain technology gives us a base layer to solve for that. And so I think by default, that becomes the base layer of all of those transactions in space.”

Read the full story on Forbes: https://www.forbes.com/sites/michaeldelcastillo/2022/05/04/bitcoin-trailblazer-raises-capital-to-create-interplanetary-cryptocurrency/

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24 thoughts on “Will We Need Money In Space? Apparently, Yes | Forbes”

  1. The <Bitcoin price has completed several bullish movements over the past week that may confirm a new bullish expansion phase which is about to begin . Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week. We cannot predict bottoms, but it was obvious things were getting ready to go down. Why are people JUST NOW realizing the market is bearish? Extremely bearish. Point is, be patient, and just trade to build capital for when we do bottom. Don’t let these institutions destroy you. And my advice, don’t spread yourself thin with too many coins. Market moves as a whole right now, red days mean red days for almost everything, Green Days will be the same. Paper gains and losses are normal throughout the investing cycle. Continue to invest and trade, don’t panic.’. Still love the trading techniques and advice . Digital currencies continue to reshape the world globally. It's hard for anyone who is against it right now. But from a trader's point of view, I think we really need more experts in this field to give newbies a sense of how the community works. I was able to easily increase my portfolio in just trading with Joe Schmitt daily signals growing 1.5 BTC to 4.5 BTC in few week. He daily signals are very accurate and yields a great positive return on investment and he’s available to give assistance to anyone who love crypto trading, you can contact him for inquires and profitable trading systems on Telegram (@Schmittsignal. ** for any crypto related issues.

  2. I hope that when there are human colonies on other planets, the capitalist economy system driven by money will already pass from this world. Money is the source of all the problems in our world – wars, poverty, hunger, hatred … everything evil in human beings comes out when we are driven by money.

  3. Although< I have interests in global economics I don't watch the news anymore… I have enough FUD in the crypto markets lol. Thanks for sharing this news and offering your insight on how to navigate crypto during unfortunate times/events like this. You're right about keeping level headed when investing/trading so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23BTC from day trading with Gerard McDonald Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish..


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