Damus
FLASH profile picture
FLASH
@flash
⚡️🪐 FYI - Asteroid Psyche 16 is said to contain gold reserves estimated to be worth $700 quintillion.

This corresponds to 100 × 10¹⁸ dollars, or the equivalent of 2,000 billion pounds of gold.

If this wealth were distributed equitably, it would represent around 250,000 pounds of gold per inhabitant of the planet, or about $12.5 billion per person at current gold prices.
18❤️4❤️1😂1
FLASH · 43w
🗞️ https://www.75secondes.fr/science/16-psyche-lasteroide-qui-vaut-10-quadrillions-de-dollars
Arthur Morgan · 43w
How much Bitcoin in the asteroid?
Undisciplined · 43w
Safe bet current gold prices won't hold. Still, access to that much gold would radically change our physical environments.
Sérgio Oliveira · 43w
Or the gold price would just crash to zero
⚡️DEFAUXKING⚡️ · 43w
And they will say: “It was when gold was more common than aluminum, Bitcoin took the world by storm.”
Bud · 43w
Imagine what such a gold supply injection would do to the price of gold. We’d be cooking with 24K gold foil. 😹
Creediator · 43w
Supply demand.
Force2B · 43w
Sounds like we should go leveraged long on gold