In an interview with Dave Portnoy of Barstool Sports, the Winklevoss twins said buying gold is risky because Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has a plan to mine gold in outer space and flood the market with supply.
What happened: Portnoy posted a video of his meeting with Tyler and Cameron Winklevoss, founders of the Gemini cryptocurrency exchange, on Twitter.
Portnoy recently invited the Winklevoss brothers to his home to teach him about bitcoin, according to a tweet posted on August 4th.
The Winklevoss brothers openly discussed why they believe Musk has enormous plans to mine gold in asteroids.
This may sound a bit far-fetched, and people used to use the mining of asteroids as a bit of a joke. But according to Peter Ward, author of ‘The Consequential Frontier’, a book on the privatization of space, ‘the commercial space industry is moderate to the point that it’s more serious.’
The private industry seeks asteroid mining for both water and metals. The mining of metals could prove to be a real source of profit.
Why it’s important: The Winklevoss duo have their own agenda for making the statement. They have previously claimed that they see bitcoin as “better than gold”, with the brothers hoping to launch a bitcoin ETF.
Watch Portnoy’s interview, and comments, in the tweet below:
Thoughts @elonmusk pic.twitter.com/w4a4Mjs0Cy
– Dave Portnoy (@stoolpresidente) August 13, 2020
© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
