World Gold Council CEO Says, “Bitcoin Is Heading Toward Zero”; CZ Responds

David Tait, CEO of the World Gold Council, made radical statements about the cryptocurrency world while appearing as a guest on David Lin’s channel.

Tait stated that his personal opinion on Bitcoin is “to go to zero,” and criticized the leading cryptocurrency’s high correlation with risky assets.

Nevertheless, Tait, who offered market advice to investors, emphasized the importance of portfolio diversification: “My opinion is purely a personal intuition. However, someone who has gold in their portfolio should also have Bitcoin, and someone who holds Bitcoin should definitely have gold. Because these two assets balance each other out during times of crisis.”

The WGC CEO stated that the increases in gold prices are due to massive public debt rather than temporary factors such as wars, interest rates, or tariffs, specifically highlighting the US debt burden, which has reached $39 trillion.

Speaking to David Lin at Consensus Miami, a major event in the cryptocurrency and finance world, Tait responded without hesitation to the question, “What do you think about Bitcoin being called ‘digital gold’?” Tait stated, “My personal opinion is that Bitcoin will go to zero.” He argued that this prediction did not stem from an anti-gold stance, acknowledging that it might be logical for investors to hold gold and Bitcoin together as risk balancers in the current market conditions.