Gold Council CEO Warns Bitcoin Could Be Worth Zero

David Tait, CEO of the World Gold Council, recently expressed his personal opinion that Bitcoin could eventually drop to zero. He attributed this prediction to Bitcoin's behavior during market stress, stating it acts like a high-risk asset rather than a safe haven.

Tait contrasted Bitcoin with gold, which central banks continue to buy amid debt concerns and geopolitical risks. Despite his skepticism, he acknowledged that holding both gold and Bitcoin can diversify portfolios since they react differently to market events.