WGC CEO: Why Bitcoin Will Eventually Go to Zero

On August 5, 2026, David Tait, CEO of the World Gold Council and Chair of the FMSB Precious Metals Working Group, said in an interview that Bitcoin's movement is highly correlated with high-risk assets, failing to decouple and hedge risk as expected; in contrast, gold possesses safe-haven characteristics that move inversely.

Therefore, he advocates that Bitcoin holders should allocate gold for mutual hedging. Furthermore, although stablecoins have practical value in the institutional and asset-collateralized spaces, Bitcoin lacks the public trust enjoyed by fiat currencies, as well as the backing of central banks and major financial institutions. The lack of concrete application scenarios and support is the core reason it will eventually fall to zero.