
About this episode
** this is not financial or legal advice***
In the crypto space we talk about gold as it is common knowledge. But in all honesty, what do we really know about it? Why is it valuable? How is it stored? How do we even weigh it? Well, in this episode we will be going through some basics about the precious commodity and learning why bitcoin is often compared to this shiny metal. We will also ask the question: Is it even a fair comparison?
Fun Fact: The asteroid Psyche 16 is a very special space rock: it's almost entirely made of metal, including iron, nickel, and gold, which has led astronomers to believe that it was originally the core of a planet. It's also estimated to be worth around $700 quintillion—enough to give each of the 7.6 billion people on Earth about $92 billion each. You read that correctly—$92 billion each. This asteroid has the potential to make us all richer than the Pharaohs—or, you know, crash the world economy.
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