Bitwise CEO Hunter Horsley said that gold needs a lot of new buyers to maintain price stability or drive up. In 2024, the global gold mining volume is about 3,660 tons, and the recovery volume is about 1,370 tons. At current prices, this means that about $680 billion worth of new gold needs to be bought (to balance supply and demand).
For Bitcoin, there are currently about 164,000 new bitcoins mined each year. This is equivalent to about $24 billion worth of new bitcoin supply being bought each year, so I think Bitcoin will become a better store of value.
Bitwise CEO: Bitcoin's annual new output is much lower than that of gold, and it may become a better store of value
2025-10-20 04:17:06
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