Peter Schiff has long been known that he does not currencies, especially the Bitcoin and the other Crypto. The CEO of Euro Pacific Capital is a great supporter of the precious metal Gold. Now Bitcoin and Gold has expressed ship to be a heavily discussed Themenduo:. It is this time but also to Space Mining and the danger of quantum computers for the Bitcoin.
The many benefits of Gold
The ship clears always happy about the fact that Gold provides to the Bitcoin a lot of benefits. For example, the precious metal can be harder to confiscate than the virtual currency.
Now the call came a few weeks ago by both of the Winklevoss twins, Cameron and Tyler on Winning Gold in the All. This so-called Space Mining describes the mining of the earth sought-after raw materials on asteroids in space. For the two crypto-twins and founder of the Gemini crypto exchange, it is clear that Elon Musk and his company SpaceX is working right for it to be able to Space Mining operation.
In a conversation with Dave Portnoy, founder of Barstool Sports, they declared the following: “There are so billions of dollars of Gold in the asteroids around this planet. And Elon is there to rise up and with the gold mining start. And it will fall from the sky.“
— Dave Portnoy (@stoolpresidente) August 13, 2020
May the Space Mining would, however, have a fall in the price of the mined precious metals will result.
The ship has no hope for Bitcoin
Ship assumes that it is not so unrealistic at some point to mines of Gold in All. However, the Bitcoin critics happen to an Event before the Space Mining see: the decline of the Bitcoins. The Investor assumes that the crypto currency is destroyed, either by himself or it is hacked by a quantum computer.
On Twitter he said on 24. August: “Long before any of the #Gold was mined from the asteroid (although in the space mined Gold will probably never return to the earth, but in space will be used), will have cracked the progress in the computer area of the #Bitcoin Blockchain for a long time, provided that the Bitcoin market is not broken, first together by themselves.”
Long before any #gold is mined from asteroids (though gold mined in space will likely never be brought back to earth, but used in space), advances in computer since will have long since cracked the #Bitcoin blockchain, assuming the Bitcoin market didn’t crack on its own first.
— Peter Schiff (@Peter Schiff) August 24, 2020
Now the time will show who was right.