Bitcoin is the only truly fixed asset in the world. 'Precious' metals like gold are rare on earth but as plentiful as sand in our galaxy. Soon, @elonmusk, @jeffbezos, and/or others will be mining asteroids, which will crater the price of these metals. #BitcoinBillionaires
07-01 14:33 - 'Bitcoin is the only truly fixed asset in the world. 'Precious' metals like gold are rare on earth but as plentiful as sand in our galaxy. Soon, @elonmusk, @jeffbezos, and/or others will be mining asteroids, whi...' (twitter.com) by /u/Bitcoin1776 removed from /r/Bitcoin within 3-13min
10-06 23:23 - 'Interesting fact: A single garden-variety metallic asteroid contains vastly more gold than has ever been mined in the history of the world' (twitter.com) by /u/2Panik removed from /r/Bitcoin within 4-14min
The more I think about it the more I'm convinced that current stores of value such as gold and other precious metals won't make economic sense in the not so distant future. Planetary Resources is working on mining asteroids and extracting more precious metals out of them than has ever been mined on earth. This would completly change the supply side of gold, making it abundant, at the very least with a supply dependent on a few companies (just as fiat is today dependent on a few powerful governments). Imagine the run to bitcoin if a company would even just prove reserves in the neighborhood Planetary Resources is talking about. My two satoshis.
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Despite many predictions the last 6-7 years of asteroid mining coming in 2020-2025, it is most likely decades away. Bloomberg Giant Leap Special on Asteroid Mining: Who Wants To Be A Trillionaire ... In the face of resource scarcity here on Earth, in the future we may obtain raw materials from the asteroids. This is the second film in my "Resources from Space" series. You can watch the other ... Clickbank For Beginners: How To Make Money on Clickbank for Free (Step By Step 2020) - Duration: 22:47. Santrel Media Recommended for you How Asteroid Mining Will Save Earth - Duration: 11:58. PBS Space Time 416,792 views. 11:58. Moon Mining, how much is the moon worth, how will we mine its resources, Helium 3 & water. SpaceX Starship is now the top priority, Crew Dragon updates, Starlink launch with Planet rideshare - Duration: 19:59. Marcus House Recommended for you