<ul data-eligibleForWebStory="true">The Bitwise CEO believes Bitcoin's true competitor is government bonds, not gold.He argues that both Bitcoin and gold serve as apolitical stores of value appealing to investors seeking state-independent value protection.In contrast, government bonds are heavily influenced by political and monetary decisions.Government bonds are seen as the 'ultimate political store of value' due to their reliance on interest rate policy and fiscal strategies.Bitcoin is poised to rival government bonds by offering decentralization and a fixed supply.For average individuals, residential real estate is viewed as the most common store of value.Bitcoin's potential as a challenge to traditional sovereign monetary tools is gaining recognition as institutional adoption grows.