Bitwise CEO: Gold requires new buyers for stability, Bitcoin to surpass gold in value storage

Hunter Horsley, CEO of Bitwise, asserts that new buyers are essential to sustain or increase gold prices.

By 2024, gold production will reach 3,660 tons, with market absorption requirements around 680 billion USD.

In contrast, Bitcoin’s annual supply is 164,000, with a total value of about 2.4 billion USD.

Horsley believes Bitcoin will eventually offer superior value storage compared to gold.