Summary
- The CEO of Bitwise stated that the real rival of Bitcoin is not gold but U.S. Treasuries and government bonds.
- He explained that Bitcoin and gold are alternative stores of value that are independent of politics.
- CEO Horsley mentioned that regulatory uncertainty used to be the biggest obstacle for Bitcoin investors, but that is no longer the case.
The CEO of Bitwise identified U.S. Treasuries and government bonds—not gold—as the true rivals of Bitcoin (BTC).
On the 20th (local time), Cointelegraph X (formerly Twitter), a media outlet specializing in cryptocurrencies, reported that Hunter Horsley, CEO of Bitwise, said, "Bitcoin's real competitors are not gold, but ultimate 'political' stores of value like U.S. Treasuries and government bonds."
He also added, "Gold and Bitcoin are alternative stores of value independent of politics."
Previously, Horsley emphasized through his own X that "The biggest obstacle for Bitcoin investors was regulatory uncertainty. But that is no longer the case now."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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