World Gold Council CEO: Bitcoin Will Eventually Fall to Zero

David Tait, CEO of the World Gold Council (WGC), predicted in remarks that recirculated widely on social media again this week that bitcoin's price will eventually fall to zero. According to ArzDigital, Tait made the comments in an earlier interview with David Lin at the Consensus Miami conference, saying: "My personal opinion on bitcoin is that it will go to zero... that's just my personal opinion and my instinct as a trader."

He argued that instead of acting as a hedge, bitcoin shows a strong correlation with risk assets and equity indexes during periods of financial market turmoil, while gold continues to be favored as a safe haven by central banks during recession fears and geopolitical shocks. Tait also distinguished bitcoin from stablecoins, saying stablecoins have a clear use in payments due to their price stability. The comments come as the World Gold Council is simultaneously developing infrastructure to tokenize gold by 2026. The prediction reflects the personal view of the head of a gold industry body, not a consensus among market analysts.