Does Elon Musk’s Igniting Bitcoin Take Us to the Moon? by Tom Luongo

It’s time for the younger generation to step up and kick the oldsters off the stage they’ve occupied for far too long. From Tom Luongo at tomluongo.me:

I’m not Elon Musk’s biggest fan. At best, I see him as equal parts huckster and visionary.

But I won’t lie, as a long-time advocate for Bitcoin both in theory and practice, I welcomed his announcement that Tesla Corp. has a $1.5 billion position in granddaddy of cryptocurrencies.

That’s, of course, assuming that Elon isn’t the world’s biggest troll, which is a non-zero probability in my opinion.

This announcement, on the heels of Musk’s open support of the Redittor Rebellion against Wall Street via Game Stop and Dogecoin, may be the moment where we say this was the turning point.

Because Musk sits at the center of the Venn diagram of today’s cultural dynamics.

He’s an entrepreneur building electric sports cars and commercializing space flight. Tesla and SpaceX, regardless of what you think about them as companies, are aspirational ideas of the highest order.

As libertarians we’ve long decried the public space program as wasteful and inefficient. NASA has stood in the way of private space exploration for decades. And because of NASA’s typical bureaucratic defense of its fiefdom, space exploration slowed to a halt for the past two generations.

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