Bitwise CEO Hunter Horsley has highlighted Bitcoin's potential to surpass gold as a store of value, citing its lower annual new supply requirements. In 2024, global gold production reached approximately 3,660 tons, with an additional 1,370 tons from recycling, necessitating $68 billion in new purchases to maintain price stability. In contrast, Bitcoin's annual new supply of 164,000 coins requires only $24 billion in market purchases at current prices. Horsley suggests this lower demand for new buyers positions Bitcoin as a potentially better store of value.