Gold Council CEO Says Bitcoin Will Eventually Go to Zero

The chief executive of the World Gold Council has made a bearish call on Bitcoin, warning that the cryptocurrency will eventually lose all of its value. The comment places another prominent voice from the traditional investing establishment in the skeptical camp. Gold and Bitcoin have long been pitched as rival safe havens, though they appeal to very different types of investors.

The executive’s skepticism appears rooted in Bitcoin’s lack of inherent utility or income generation. Unlike gold, which has industrial uses and a long history as a store of value, Bitcoin’s price rests almost entirely on market sentiment. The council has repeatedly promoted gold as a stable, tangible asset, and the CEO’s comment fits that narrative.

Bitcoin supporters, conversely, point to its fixed supply and decentralized nature as advantages over government-backed currencies and even gold. However, the cryptocurrency has experienced severe boom-and-bust cycles, and regulatory scrutiny has intensified in recent years. Such factors make the zero-value scenario less far-fetched to some traditional investors.

Whether Bitcoin truly faces extinction or is simply in an early stage of adoption remains an open question. The warning adds to a chorus of voices from the traditional finance world, but the market has survived past criticisms. For now, gold and Bitcoin continue to coexist as contrasting bets on the future of money.