Bitcoin not a safe-haven asset or store of value, says Brookings economist Robin Brooks

BitcoinWorld Bitcoin not a safe-haven asset or store of value, says Brookings economist Robin Brooks Robin Brooks, a senior fellow at the Brookings Institution, has publicly challenged the narrative that Bitcoin functions as a safe-haven asset or a reliable store of value.

In a recent post on X (formerly Twitter), Brooks argued that Bitcoin does not belong to the asset class that benefits from currency debasement, a claim that has reignited debate among crypto proponents and traditional finance analysts.

Brooks’s core argument: Bitcoin’s underperformance vs. precious metals Brooks’s reasoning centers on observable market behavior. He pointed out that since investment flows tied to debasement themes began in earnest, Bitcoin has consistently underperformed precious metals.

This, he argues, is a key indicator that Bitcoin is not functioning as a hedge against fiat currency devaluation in the way gold and silver are.