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Bitwise CEO: The ultimate competitors of Bitcoin will be U.S. Treasuries and other government bonds.
Golden Finance reported that Bitwise CEO Hunter Horsley posted on the X platform stating, “I don’t think Bitcoin’s competitor will ultimately be gold. Both of them (Bitcoin and gold) are non-political stores of value. Gold has lower volatility, while Bitcoin has higher volatility. Investors seeking non-political stores of value will like both. On the contrary, I believe Bitcoin’s competitors will ultimately be U.S. Treasuries and other government bonds (such as UK gilt): these are the ultimate political stores of value.”