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World Gold Council CEO predicts bitcoin could go to zero, citing its risk behavior in market downturns.

Market News
16 Aug 2026
Bitcoin
View Source
Bearish
World Gold Council CEO predicts bitcoin could go to zero, citing its risk behavior in market downturns.

David Tait, CEO of the World Gold Council, expressed his personal belief that bitcoin could eventually drop to zero because it behaves like a high-risk asset during market stress, rather than a safe haven. He contrasted bitcoin with gold, which central banks continue to buy amid debt concerns and geopolitical risks. Despite his skepticism, Tait acknowledged that holding both gold and bitcoin can diversify portfolios since they react differently to market events. The debate continues as bitcoin supporters highlight its unique features and growing adoption, while gold remains favored for its long-term stability and central bank backing.

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