Bitwise CEO: The annual new output of Bitcoin is far lower than that of gold and may become a better store of value asset.

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Golden Finance reports that Bitwise CEO Hunter Horsley stated that gold needs a large number of new buyers to maintain price stability or drive a pump. In 2024, global gold mining volume is about 3,660 tons, and recycling volume is about 1,370 tons. At current prices, this means that approximately $680 billion worth of new gold needs to be bought (to balance supply and demand). For Bitcoin, approximately 164,000 new Bitcoins are mined each year. This means that about $24 billion worth of new Bitcoin supply needs to be purchased each year. Therefore, I believe Bitcoin will become a superior store of value.

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