NASA Uncovers Gold Rocks But Bitcoin Price Remains Unaffected

Nasa uncovered the recently unknown amount of gold rocks which is enough to make everyone a billionaire at current prices but this could also mean that the price of the precious rock could drop. Bitcoin, on the other hand, remains unaffected. We are about to find out more in the altcoin news below.

If NASA creates the equipment and has the money to bring the gold here, they are expected to enter the market and make a massive spur. The trouble with precious metals is that it is easy to drop their price once the supply increases dramatically. Bitcoin however it is coded to be in consensus so everyone has the interest to keep the rules in place. The limited supply is the one key element that makes the balance. The other elements prove to be resistant to change including the raising block size in order to allow for more transactions. The reality is that getting a new change in bitcoin is very difficult, unlike gold. Crypto users are now wondering whether someone like Elon Musk or NASA with the technology and funds could just go and get the tons of gold.

As it was explained in some of the best cryptocurrency news sites, Bitcoin would subsume most of the assets in value if the huge amount of gold and money will be injected in the market. Just imagine for a second what that would be like. For example, the investors would have to become the largest holders by capital investments but that would also have a new value added. A huge number of coins will leave the market and only one person will be the holder and will have the interest to seem them rise in value. This could happen with most of the 100 coins outside of bitcoin.

If someone invests this big amount into BTC, they could become the holders of the largest BTC stack but with altcoins such as Tron, NEO, and Cardano, they will only be holding a considerable portion of the entire supply. The question remains how many billions of dollars with taking to make such an investment be worth it to a given chain. As for gold, the limited supply argument is now officially broken.