WGC CEO: Why Bitcoin Will Ultimately Go to Zero On August 5, 2026, David Tait, CEO of the World Gold Council and Chairman of the FMSB Precious Metals Working Group, stated in an interview that Bitcoin's price movement is highly correlated with high-risk assets and has failed to decouple and hedge risks as expected. In contrast, gold possesses inverse movement characteristics, making it a reliable hedge. Therefore, he advocates that Bitcoin holders should allocate gold to balance risks. Additionally, while stablecoins have practical value in institutional and asset-backed fields, Bitcoin lacks the public trust and backing from central banks and major financial institutions that fiat currencies enjoy. The absence of substantial application scenarios and support is the core reason why Bitcoin will ultimately go to zero. Source: 邦妮區塊鏈 Bonnie Blockchain