David Tait believes Bitcoin will go to zero because it correlates with risk assets rather than acting as an offset, and he sees no sustainable long-term use case. He states this as a personal instinct based on his trading experience.
David Tait is bullish on gold, arguing that the primary driver is rising sovereign debt levels and fear of unsustainability, not transitory factors like tariffs or wars. He recommends holding gold as a portfolio hedge because it acts as a store of value and is a survivor, especially given high global debt, poor demographics, and the risk of currency debasement.