The Winklevoss brothers believe that Elon Musk is going to mine gold in space. If the brothers are right, this will be an additional argument in favor of Bitcoin.
The Winklevoss brothers are sure that Elon Musk wants to mine gold in space and will fill the world with precious metal. This will add value to Bitcoin as a limited supply asset.
Well-known entrepreneurs, crypto enthusiasts and founders of the Gemini crypto exchange, the Winklevoss brothers made truly provocative statements. They suggested that Elon Musk is going to mine gold in outer space and soon the yellow metal will literally fall to earth from the sky. In this regard bitcoin will be much more attractive investment, since its reserves are limited.
Meanwhile, as the twins suggested, Elon Musk’s intentions include the exploration of outer space and the extraction of gold in it. In their opinion, many asteroids revolve around our planet, storing gold reserves worth billions of dollars. If Musk gets to them, he can literally give the world a golden shower.
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As the Winklevoss summed up, when gold starts to fall from the sky, the price of this metal will start to fall afterwards against the background of the growth in supply volume. Meanwhile, the reserves of the world’s main cryptocurrency, Bitcoin (BTC), will remain limited.
However, not everyone found the Winklevoss’ assumptions convincing, so some bloggers and experts in the field reacted to this statement. On the other hand, some crypto enthusiasts emphasized that the brothers’ statements about Bitcoin are incorrect. In fact, Bitcoin is not “the only asset in the universe with a rigidly fixed supply.” The same can be said for many other cryptocurrencies, with the exception of Ripple, users wrote.