TechFlow news, according to disclosed Spaces snippets from Documenting ₿itcoin, Elon Musk commented on Bitcoin as "engineered scarcity" during a discussion with Cathy Wood about "ARK 21Shares receiving approval for a Bitcoin ETF."
Notably, engineered scarcity is a concept that typically uses technology to create artificial value and utility, enabling people to store wealth in things that maintain purchasing power over the long term. It is particularly important in a world of abundance created by robotics and artificial intelligence, as it ensures long-term financial security.
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