Media

Elon Musk will make the world rain of gold – Winklevoss

Navigation

The Winklevoss twins blow Portnoy’s brain talking about Elon’s space gold plans

Elon Musk will make the world rain of gold - Winklevoss

Elon Musk will make the world rain of gold – Winklevoss
CONTENT

  • The Winklevoss brothers believe that Elon Musk is going to mine gold in space.

  • The video with this statement has received the most controversial responses..

  • If the brothers are right, this will be an additional argument in favor of Bitcoin..

International consortium of news organizations developing transparency standards.

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..

Elon Musk will make the world rain of gold - Winklevoss

Well-known entrepreneurs, crypto enthusiasts and founders of the Gemini crypto exchange, the Winklevoss brothers, in a conversation with blogger David Portnoy, 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, they tried to convince Portnoy that bitcoin is a much more attractive investment, since its reserves are limited..

Let it rain

In a video posted on Twitter, the Winklevoss brothers can be seen explaining to Portnoy, creator of media platform Barstool Sports, why they don’t treat gold as a reliable hedge against the dollar. It is widely believed that the US authorities continue to flood the market with new dollars uncontrollably, while gold reserves are limited … but only on Earth.

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..

Elon Musk will make the world rain of gold - Winklevoss

How is Musk’s business progressing in the development of space gold reserves? Join the discussion in our Telegram channel – and you will find out everything!

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..

Why so serious?

Such reasoning significantly puzzled Portnoy, who could not believe that the brothers were talking to him in all seriousness. Meanwhile, the cool-faced Winklevoss continued to bend their line by offering Bitcoin as a reliable alternative to gold..

Unsurprisingly, the conversation generated a lively response on the Internet. Thus, one of the commentators was Mark Jeffrey, an entrepreneur and author of The Case for Bitcoin. He noted that back in 2015, he almost threw out a similar theory about gold mining in space from his book, because it sounded “too crazy.”.

However, not everyone found the Winklevoss’ assumptions convincing. So, the user under the nickname Galactic Trader pointed out that the costs of such gold mining will also be “astronomical” – and this is based on the fantastic assumption that all the gold on the asteroids will already be neatly stacked, and people will only have to come and pick it up.

On the other hand, some crypto enthusiasts emphasized that the brothers’ statements about Bitcoin are incorrect for another reason. 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.

Elon Musk will make the world rain of gold - Winklevoss

At the time of this writing, Elon Musk himself has not yet commented on the video..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles