Hut 8 Mining CEO says bitcoin is hardest store of value ever (Cryptocurrency:BTC-USD)

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“Bitcoin is ultimately the hardest store of value that we’ve ever seen in the history of man,” Hut 8 Mining CEO Jaime Leverton, who is also a big believer in web3, said in a virtual session Tuesday hosted by the Economic Club of New York.

In other words, the number of bitcoins (BTC-USD) in circulation (capped at 21M coins) is predetermined, with the last coin in circulation expected to take place in 2140. “So the fact that it has a predetermined number of units, gives it a very hard store of value unlike anything we’ve ever seen before,” Leverton said, adding that gold (XAUUSD:CUR) is probably the closest competitor as a store of value, though it’s uncertain how much mined and unmined gold is out there.

Moreover, bitcoin (BTC-USD) stands alone when compared with other cryptocurrencies given that the Proof-of-Work-based blockchain “runs without any centralization whatsoever,” Leverton said. Bitcoin was invented by the mysterious and unknown Satoshi Nakamoto in 2009, though most crypto projects’ originators nowadays are known and quite involved, she added.

And in order for bitcoin (BTC-USD) to reach its “maximum potential, it needs web3 to…


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