The asteroid named 16 Psyche can devastate the world not by its capability to enter the atmosphere and cause apocalyptic impact, instead, it can leave Earth in ruins because of its mind-boggling value.
Recent estimates of the price of the asteroid are roughly 10,000 quadrillion dollars. A person would wonder how the most expensive asteroid could do this damage to the global economy.
Our present global economy is based on scarcity, commodity and stock prices such as gold and oil follow the law of supply and demand. Gold and other minerals are viable stores of values due to their rarity and difficulty to mine or mint. 16 Psyche is said to carry vast amounts of gold and other minerals in its surface that when extracted by advanced means, it could drive the present global economy into a downward spiral. An overabundance of gold means it would be basically priceless or cheap.
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Credits: Outer Space |
Apart from its estimated value, it is also one of the most interesting objects in the asteroid belt. According to astronomers, it is a deceased core or mantle of an unformed planet. Instead of drilling on our planet's mantle and core, this asteroid can become the subject of a study on how planets are formed.
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