April 19, 2024

The Winklevoss brothers: "Bitcoin is much more reliable than gold"

Winklevoss brothers: “Bitcoin is much more reliable than gold”

The Winklevoss twins believe that Bitcoin – safer investment than gold due to Elon Musk's plansfor the extraction of precious metals on asteroids.

In an interview, the two founders of the New YorkCrypto exchanges have noted that gold is valuable due to its limited supply, just like Bitcoin. However, Elon Musk is going to destroy gold as a valuable asset by starting to mine it on asteroids. In March, NASA named Elon Musk's SpaceX as the company that will launch a mission to the asteroid Psyche 16. In addition, the US space agency is "keeping an eye on a nearby asteroid that contains enough gold to make all earthlings billionaires."

According to NASA, asteroids between the planets Mars and Jupiter contain minerals equivalent to roughly $ 100 billion for every person on Earth.

We think of bitcoins as internet gold

Cameron added that Bitcoin, like gold, gets its value from its scarcity. At the same time, he emphasized:

Elon cannot change the supply of Bitcoin. This is the only limited asset in the galaxy. 

Earlier this month, Cameron Winklevoss suggested that not wanting to buy Bitcoin today is an even bigger mistake than not investing in tech stocks 20 years ago.

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