The Winklevoss Twins of the “The Social Network” and “Bitcoin Billionaires” fame have said Elon Musk wants to mine gold from space.
They tried to convince Barstool Sports blogger David Portnoy that Bitcoin, with its limited supply, was a better investment.
Making It Rain
Furthermore, the twins suggested that Elon Musk was in fact planning to travel into outer space and mine asteroids for Gold. They described that prospect as literal showers of gold. When that happens, the price will drop as supply skyrockets. That’s the idea, anyway. In contrast, Bitcoin (BTC) has a fixed supply. How good will gold look when it’s falling from the sky? Portnoy, for his part, seemed both confused and flabbergasted. With slight smirks, the Twins laid out their pro-BTC theory. They kept their poker faces on just enough to cast doubt as to whether or not they were joking.Thoughts @elonmusk pic.twitter.com/w4a4Mjs0Cy
— Dave Portnoy (@stoolpresidente) August 13, 2020
Why So Serious?
The twins put it bluntly:So, there’s billions of dollars of gold in asteroids floating around this planet. And Elon is going to get up there and start mining gold. And it’s going to fall from the sky.“Is that, like, a real statement?” the confused Portnoy asked. The Gemini executives responded that it was. Mark Jeffrey, an author, and entrepreneur, referenced his 2015 book “The Case for Bitcoin” where he discusses gold space mining. He claims he almost left that part out, because it sounded, “too insane.”
Other users were not convinced about the viability of space mining. The overheads would be “astronomical.” Even the Galactic Trader, a self-described casual stock trader, weighed in.YES. From my 2015 book, "The Case For Bitcoin".
— Mark Jeffrey ⚡️🚀 (@markjeffrey) August 14, 2020
I almost left this out, thinking it sounded too insane. pic.twitter.com/CCn77orH28


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Harry Leeds
Harry Leeds is a writer, editor, and journalist who spent much time in the former USSR covering food, cryptocurrencies, and healthcare. He also translates poetry and edits the...
Harry Leeds is a writer, editor, and journalist who spent much time in the former USSR covering food, cryptocurrencies, and healthcare. He also translates poetry and edits the...
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