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Top economist says Bitcoin fails as a safe haven, underperforming gold during currency debasement.

Market News
09 Aug 2026
UToday
View Source
Bearish
Top economist says Bitcoin fails as a safe haven, underperforming gold during currency debasement.

Economist Robin Brooks criticized Bitcoin's role as a safe-haven asset, highlighting its underperformance 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, unlike gold. While some experts disagree, citing Bitcoin's rallies during various yield-curve changes, Brooks maintains that Bitcoin's price behavior does not support its safe-haven status. This debate impacts how investors view Bitcoin's role in protecting wealth during economic uncertainty.

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