Bitwise CEO: Bitcoin’s Ultimate Competitors Will Be US Treasuries and Other Government Bonds

Bitwise CEO Hunter Horsley stated on the X platform, "I don't believe Bitcoin's ultimate competitor will be gold. Both Bitcoin and gold serve as non-political stores of value. Gold is less volatile, while Bitcoin is more volatile. Investors seeking non-political stores of value will appreciate both. On the contrary, I think Bitcoin's real competitors will ultimately be U.S. Treasuries and other government bonds (such as UK gilts): these are the ultimate political stores of value."