[Bitwise CEO: Bitcoin's Annual New Output Far Below Gold, May Become a Superior Store of Value] According to Golden Finance, Bitwise CEO Hunter Horsley stated that gold requires a significant number of new buyers to maintain price stability or drive price increases. In 2024, global gold mining output is estimated to be approximately 3,660 tons, with recycled gold amounting to around 1,370 tons. At current prices, this means roughly $680 billion worth of new gold needs to be purchased (to balance supply and demand). For Bitcoin, the annual newly mined Bitcoin is currently about 164,000 units. This equates to approximately $24 billion worth of new Bitcoin supply needing to be purchased annually. Therefore, I believe Bitcoin will become a superior store of value.