Are Winklevoss Twins right about Bitcoin?

It seems that Winklevoss Twins really think that soon all people will do space mining.

Their opinion on this is grounded on the fact that BTC is better investment asset than gold because metal amount will be increased the moment Elon Musk launches asteroids mining.

In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply:

“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.”

Confirming their statements one of the twins mentioned that gold is for boomers, while BTC is the only stable asset.

Space mining is quite an old idea. The “Planetary Resources” company planned asteroids mining and raised $50.3 million based on the information from Crunchbase website. Later this company has been purchased by Ethereum-focused blockchain company Consensys.

Based on the predictions that soon we will be able to travel to space some experts forecast the competition between private companies planning to do space mining.

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