Bitwise CEO: Gold needs a lot of new buyers to keep prices stable/increase, Bitcoin will become a better store of value than gold

Bitwise CEO Hunter Horsley pointed out that maintaining or increasing gold prices requires significant new buyers. By 2024, gold mining will reach approximately 3,660 tons, with recycling reaching approximately 1,370 tons, totaling approximately $680 billion worth of gold that needs to be absorbed by the market. Bitcoin's current annual supply is approximately 164,000 coins, with a total value of approximately $2.4 billion. He believes Bitcoin will become a better store of value than gold.