Hut 8 Mining CEO says bitcoin is hardest store of value we've ever seen

"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