Brooks Bashes Bitcoin: Top Economist Questions Its Safe-Haven Status

Top economist Robin Brooks has questioned Bitcoin's status as a safe-haven asset. According to Brooks, Bitcoin underperformed compared to precious metals like gold during periods of currency debasement. He argues that Bitcoin has not established itself as a reliable store of value or hedge against currency weakening.

In contrast to gold, which maintains its value even when currencies are being devalued, Brooks claims that Bitcoin's price behavior does not support its safe-haven status. This view is critical because it impacts how investors perceive Bitcoin's role in protecting wealth during economic uncertainty.