NASA Mission Will Depreciate Gold - In 10 Years the Global Precious Metals Market Will Collapse

 

NASA is going to deliver an asteroid worth 10 quintillion dollars to Earth. How much is it? If you had to spend a million a day, it would take approximately 2.7 million years to spend even one quintillion. Or 1 quintillion dollars could cover the area of the United States several times over.

 

The Spacex Falcon Heavy shuttle was launched on October 13 and is on its way, having covered 3.5 billion kilometers. The mission's goal is to bring the asteroid Psyche 16 to Earth by 2030.

 

Falcon Heavy is the most powerful rocket ever launched by Elon Musk's SpaceX. However, the most powerful carrier in the history of astronautics is considered to be the Saturn 5, used as part of the Apollo program for flights to the Moon. Its maximum carrying capacity was 118 tons. This is much larger than the Falcon Heavy but the Saturn V is no longer in use as the flight program has ended.

 

This asteroid is one of the most interesting objects, which is located between the orbits of Mars and Jupiter. The celestial body was discovered in 1852 by astronomer Annibale de Gasparis and named after Psyche, a character from ancient Greek mythology.

 

If the space agency manages to deliver this block to Earth, then the world could drown in an abundance of precious metals. Silver, cobalt, platinum, rhodium, ruthenium, iridium and palladium - this is not a complete list of precious metals that Psyche 16 is rich in. However, the main element of the asteroid is gold, which is worth trillions of dollars, if you count the current value.

 

Experts are confident that, despite the potential value of the asteroid, its impact on the global gold market will not be immediate. Extraction of resources will require considerable time and most likely it will take more than a dozen years.

 

In contrast, there is Bitcoin, a kind of digital gold that plays by its own rules. Strict emission, immutability of code, and decentralization make cryptocurrency valuable. And even if three such asteroids are delivered, it will not change anything.

 

More than 19 million BTC out of the planned 21 million have already been mined. According to forecasts, the last Satoshi will leave the “digital mine” only in 2140. And who knows what will be more valuable then - a piece of shiny metal or a code line?

 

#NASA #Space #Gold #Bitcoin #Cryptocurrency #Economy