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Bitcoin is now being hailed as the scarcest store of value on the planet according to Hunter Horsley CEO and Co-Founder of Bitwise Asset Management. In a recent tweet Horsley shared striking figures showing Bitcoin’s annual supply increase stands at just 0.84% and continues to decline.
Compared to Bitcoin global fiat currencies have expanded at 14% annually over the last 60 years while US money supply has grown by 7.4%. Gold increases at a much slower rate of 1.5 to 2%. This means global fiat supply doubles roughly every five years US money every ten years and gold every 36 to 48 years. In contrast 19.8 million of Bitcoin’s 21 million cap is already mined leaving only about 6% left to enter circulation over time.
Horsley credited economist Saifedean Ammous for spotlighting this data during a recent BitwiseInvest event. He believes these figures reinforce Bitcoin’s position as the most reliable and scarce store of value globally far surpassing traditional currencies and even gold.
