EddieJayonCrypto
20 Jun 25
Bitwise CEO Hunter Horsley argues that Bitcoin's true competitors are government-backed bonds like US Treasuries and UK gilts, rather than gold. He highlights that gold and Bitcoin are apolitical stores of value outside government control, while bonds are tied to political and monetary policy. Horsl...
Bitwise CEO Hunter Horsley argues that Bitcoin's true competitors are government-backed bonds such as US Treasuries and UK gilts, rather than gold. He explains that both gold and Bitcoin act as apolitical stores of value outside direct government control, whereas government bonds are heavily influenced by political and monetary policies.
Horsley highlights that residential real estate remains the most common store of value among individual investors, contrasting it to government bonds on the retail level. He underscores Bitcoin's significant advantages over gold in terms of liquidity and accessibility, making it a more practical choice for modern investors.
Despite improved regulatory clarity in the US under a pro-crypto administration, Horsley points out that institutional adoption of Bitcoin remains slow. He attributes this lag to investor fatigue and the challenge institutions face in evaluating Bitcoin amid numerous competing investment opportunities.
Finally, Horsley cautions against labeling Bitcoin as "digital gold," especially in markets like the US where interest in precious metals is relatively low. He suggests that this branding could impede Bitcoin's broader adoption by limiting its appeal beyond traditional gold investors.