Bitwise CEO Highlights Bitcoin’s Scarcity Compared to Other Assets
Bitwise CEO Hunter Horsley has highlighted Bitcoin's limited supply, comparing it to other stores of value. Key points from his analysis include:
- Bitcoin's supply increase is 0.84% and declining, with 19.8 million of the total 21 million units mined.
- Global fiat currency increases by 14% annually, US money by 7.4%, and gold by 1.5-2%.
- The remaining Bitcoin supply represents only a 6% increase for the future.
- Public companies acquired 95,000 BTC in Q1 2025, over half of this year’s new supply.
- New venture Twenty One plans to hold 42,000 BTC valued at nearly $4 billion.
- Semler Scientific increased its holdings by 165 BTC, totaling 3,467 BTC valued at over $330 million.
- Spot Bitcoin ETFs saw $3.3 billion in inflows recently.
This emphasis on scarcity coincides with rising interest in Bitcoin, which now holds a market dominance of 64.89%. The current trading price for Bitcoin is $94,517.03, down 1.20%.