WGC CEO: Why Bitcoin Will Eventually Go to Zero On August 5, 2026, David Tait, CEO of the World Gold Council and Chair of the FMSB Precious Metals Working Group, said in an interview that Bitcoin's movement is highly correlated with high-risk assets, failing to decouple and

What happened

In an interview, David Tait, CEO of the World Gold Council, claimed Bitcoin will be worthless by August 5 2026, noting its price has stayed tightly linked to high‑risk assets and has not shown independent movement.

Confirmed

Global impact / market context

If Bitcoin truly loses all value, investors holding it could face total losses, reducing appetite for speculative crypto bets and potentially pushing capital toward traditional safe‑haven assets such as gold, which the World Gold Council supports.

Analyst inference

Bitcoin’s price has moved in lockstep with other volatile assets like equities and altcoins, meaning a sharp drop could ripple through risk‑on markets, while investors may retreat to stable stores of value like precious metals amid uncertainty.

Analyst inference

What to watch

1. Watch Bitcoin’s price trend as the August 5 2026 deadline approaches; a sustained decline could signal that the CEO’s prediction is influencing market sentiment. Analyst inference
2. Monitor gold buying activity and gold‑related ETFs, since investors may shift from failing crypto to gold, potentially boosting the World Gold Council’s core market. Analyst inference
3. Track regulatory commentary on cryptocurrencies, especially any statements linking crypto with high‑risk assets, as tighter rules could accelerate a move away from Bitcoin toward traditional safe‑havens. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com