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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[Bitwise CEO: Bitcoin's annual new output far lower than gold may become a better store of value asset] Bitwise CEO Hunter Horsley stated, "Gold requires a large number of new buyers to maintain price stability or drive a pump. In 2024, the global gold mining volume is approximately 3,660 tons, with a recycling volume of about 1,370 tons. At current prices, this means that there needs to be approximately $680 billion worth of new gold purchased (to balance supply and demand). In comparison, Bitcoin currently has an annual new output of about 164,000 coins, which, at the current price, requires approximately $24 billion of new supply to be bought by the market. Therefore, I believe Bitcoin will become a higher quality store of value.

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