Bitcoin & Asteroids?
What do these two have to do with each other?
Bitcoin’s Bullish Prospect Underlined by $700 Quintillion Asteroid
“But what does 16 Psyche have to do with Bitcoin anyway, you may ask?
Well, it turns out with asteroid mining likely to be a reality in the coming decades, the scarcity of gold, platinum, and other precious metals will start diminishing over time, and that spells the doom for these assets as their price is inherently driven by scarcity.
If the market is suddenly flooded with huge volumes of gold, the capsized supply-demand ratio will ensure that the asset devalues quickly — presumably not giving investors enough time to cut their losses.
n comparison, there will only be a limited number of Bitcoin tokens that will ever exist. The number of new Bitcoin entering circulation will reduce by 50% every four years before the total supply of 21 million tokens is exhausted.”