$700 QUINTILLION WORTH OF RESOURCES IN THE ASTEROID BELT💰🔥

The asteroid belt is home to over 1 million asteroids, including around 200 which are over 100 kilometres in diameter — a little bigger than Egypt.

Ignoring the many technical challenges of mining an asteroid like needing robots, spacecraft and other technology that doesn’t exist in today’s age, getting your hands on those resources won’t make you a rich person overnight.

Yes, asteroids will likely be mined for metals sometime in the future. But once those metals start hitting the market, back here on Earth, the influx of supply will likely drive their prices into the ground. Gold, platinum and other metals will no longer be ‘precious’ because they will no longer be scarce.

Moreover, metals aren’t expensive because of their inherent value. They’re expensive because of the value they provide. Steel is just steel until it can be used to make parts of cars. Silver has been getting more expensive because it’s being used in solar panels.

A giant asteroid full of gold could fund existing industries on the planet, but it’s unlikely to spark a new industrial revolution. Just because asteroid mining will make more gold available, it doesn’t mean that demand will rise to the occasion.

This is precisely why billionaire Elon Musk is ready to bet on cryptocurrencies. According to him, asteroid mining could chip away at gold’s status as a store of wealth.

Production: World Of Science (WOS) Media

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[sindhulakshmanan]

Trust me if it would me mined the value of these metals would be as low as value of sand

[sigmasigmapwjdh]

and they wouldn’t give us any of that money

[Tectonictomb]

Value of anything depends on its scarcity

[FinanceWageSlave]

And yet after all of that. Poor people will still exist and the rich will limit how much each individual has

[armaansheikh]

Sir if the asteriod belt is worth in quintillion of dollars then can we become Quadrillioaire or QUINTILLIONAire through asteriod mining

[kareemabduljabar]

Certain space materials shouldn’t be removed from space but made into things in space like gold. If we mine gold it should go to electronics. But the other material wouldn’t be too bad.

[Epiczeboy]

This would make metals extremely cheap

[MrYoda-xbmp]

Grocery’s gonna be 300 million dollars 😂

[saturnnet]

I'm not greedy, I'll be good with a billion.

[fredhesseltine]

We should all work together
and make this happen.. like
some kind of crazy Tax' we
pay in on and then we reap
some kind of benefits from

[adrianmichaelrodriguez-rom]

I own a piece I've been calling NASA for the last couple of days every morning leaving a message hoping that they'll contact me

[lesterudani]

Go NASA...so that no more poor and homeless People in the world

[birdwithinternetconnection]

It's so dumb we don't go and get atleast one asteroid

[Stargateluminary]

Because of course people want to be rich in their bank account rather than thriving as a collective 🤦🏽‍♀️ it’ll be great when grants and allowances are given additionally to works and contributions. I’m the future there’s also free “electricity”

[Puzzoozoo]

The little hats will claim it all for themselves. "Jews out in space, cruising along protecting the Hebrew race..." Oy vey.