Bitwise CEO: Bitcoin's competitors will eventually be U.S. Treasuries and other government bonds
2025-06-20 03:02:01
Hunter Horsley, chief executive of Bitwise, wrote on the X platform: "I don't think bitcoin's competitor will end up being gold. Both [bitcoin and gold] are apolitical stores of value. Gold is less volatile and bitcoin is more volatile. Investors looking for apolitical stores of value will like both. Instead, I think bitcoin's competitor will end up being US Treasuries and other government bonds (such as UK gilts): these are the ultimate political stores of value."
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