Bitwise CEO: Bitcoin's annual new supply is much lower than gold and may become a superior store of value asset

Jinse Finance reported that Bitwise CEO Hunter Horsley stated, "Gold requires a large number of new buyers to maintain price stability or drive prices higher. In 2024, the global gold mining output is about 3,660 tons, with recycled gold amounting to approximately 1,370 tons. At current prices, this means that around $68 billion worth of new gold needs to be purchased (to balance supply and demand). In comparison, bitcoin currently has an annual new issuance of about 164,000 coins, which at current prices means only about $2.4 billion in new supply needs to be absorbed by the market. Therefore, I believe bitcoin will become a superior store of value."