Crypto: The Currency of Space

Andy Snyder|July 23, 2021

As the world’s richest man arched up and over the imaginary line that separates Earth from the ether, he must have looked down and thought of his work.

Thank you all for buying my stuff, he said.

Jeff Bezos did a victory lap around the Earth this week.

When he returned from what’s been described as an “extreme roller coaster trip,” Bezos had some thanking to do.

He thanked his workers. He thanked his customers.

“You paid for this,” he said.

Worth some $131 billion, Bezos knows a thing or two about money… and who pays for things.

That’s why it’s quite interesting his entrepreneurial baby – Amazon – is quietly getting into the crypto game.

Last month, the retail giant made a hiring call. It was looking for someone to head up blockchain development. Specifically, it was looking for an expert in DeFi, or decentralized finance… one of the hottest and most promising sectors within crypto.

The timing of the posting was curious.

After all, earlier this year, Amazon provided fodder for the rumor mill when it announced another new role – this time in its Digital and Emerging Payments division.

Here’s what it said about the “new payment product” the lucky applicant would be working on:

This product will enable customers to convert their cash into digital currency, which customers can [use to] enjoy online services including shopping for goods and/or services like Prime Video.

Hmm… Amazon must want to give Facebook a run for its (digital) money.

Billionaires’ Delight

Of course, Bezos isn’t the only billionaire going for a jaunt into space these days.

Sir Richard Branson, as you surely know, took a short vacation there earlier this month.

He’s not well known for his crypto work… at least not yet.

But he’s a fan of the stuff and its moneymaking ways.

In fact, his Virgin Galactic (SPCE) has accepted Bitcoin as payment since 2013 – a policy that has paid off handsomely. You may recall that the famed Winklevoss twins each bought a $250,000 ticket to ride to space with Branson’s crew about eight years ago.

They hoped to be among the first few private citizens in space.

Of course, they didn’t pay in dollars. They used Bitcoin – spending 312.5 coins per ticket.

It’s a move they likely regret. At today’s prices, those same coins are worth $10 million, and every billionaire with a rocket ship is shooting himself into space.

Flight Risk

And finally… the most spacy racer of them all – Elon Musk.

The poor fella owns the biggest and best space fleet and has yet to experience life without the weight of his massive head.

We all know his thoughts on crypto. They’re reported on the nightly news.

Bitcoin prices rallied yesterday after Musk reiterated his thoughts and the world’s media carried them.

“I pump,” he said, “but I don’t dump.”

The headline writers had quite a day telling the world that Musk was once again touting the virtues of Bitcoin. He even owns a bunch of Ethereum, they were proud to say.

So here’s the thing with all this… our point at long last (a present for making it this far).

The world’s richest men tend to get their way.

When the richest guy makes all his money in oil… the nation goes to war for the stuff.

When he hands the reins to a fella who makes his fortune in steel… tariffs close the borders.

And when a few tech giants rule the roost… Washington closes its eyes and lets them be. We can’t pump water out of our creeks, but fiery rockets can fill our skies.

What’s happening these days is great for technology. It’s great for the exploration of the unknown. But let’s not be fools… it all comes back to money.

The world’s richest are looking to the next chapter of things. They’re looking for the great escape – from this Earth and its monetary system.

That escape is in its earliest stages… but it’s zooming fast.

You may not be able to join the rich in space quite yet. But you can own the same cryptos that they’re getting more excited about by the day.

We argue it’d be silly not to.

It’s the currency of space.

P.S. August 10 could be a huge day. That’s when crypto could finally go mainstream thanks to a long-awaited decision by the Securities and Exchange Commission… and prices could soar. Get all the details on what’s about to happen… and see how you could be looking at huge, fast gains if you get in now. Click here.