๐ฅ Urgent: Bitwise CEO: The Real Competitor to Bitcoin is Not Gold but US Treasury Bonds!
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๐ก A New Perspective on Bitcoin Competition:
Hunter Horsley, CEO of Bitwise, stated that the real competition for Bitcoin is not with gold. Instead, he sees the competition lying with US Treasury bonds and other government bonds.
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๐ก Why this Assessment?
* ๐ธ "Political" Stores of Value: Horsley describes Treasury bonds as the ultimate "political stores of value," as they are tied to government decisions.
* ๐ฅ "Apolitical" Alternatives: He views both gold and Bitcoin as "apolitical" alternatives for storing value, outside the direct control of governments.
* ๐ Huge Opportunity: He believes Bitcoin can capture a significant share of the $30 trillion Treasury bond market.
โDo you agree with this assertion that Bitcoin competes more with government financial instruments than with gold?
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