Ethereum

Bitcoin A Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

The Winklevoss Twins urged that Bitcoin (BTC) is a greater funding than gold as a result of the steel’s provide will enhance after Elon Musk begins mining asteroids.

In an interview with web character and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a greater funding than gold as a result of gold doesn’t have a hard and fast provide:

“There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold. […] That’s why gold is a problem, because the supply isn’t fixed like Bitcoin.”

Portnoy fairly requested, “Is that, like, a real statement?” to which the founders of Gemini cryptocurrency alternate replied, “yeah.”

To extra ingeminate the construct gold is inferior to Bitcoin, one of many Gemini the Twins explicit that “gold is for boomers” including that Bitcoin is “the one fastened plus inside the galaxy.”

Space mining shouldn’t be a brand new construct, actually Planetary Resources – a agency provision to mine asteroids for revenue based in 2019 – has up to now raked in $50.three million in response to firm information site Crunchbase. As Cointelegraph according on the finish of 2019, the agency was later nonheritable by Ethereum-focused blockchain agency Consensys.

Some predict that with extra growth of area journey know-how we power quickly see a brand new area race between non-public firms that need to mine minerals in area. CNBC urged in May 2019 that supplies mendacity inside the belt of asteroids between Mars and Jupiter maintain “wealth equivalent to about $100 billion for every individual on Earth.”

Bitcoin A Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

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Patricia Bakely

Earn Free Bitcoin Online with BTCpeek.com

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