The LBMA CEO's emphasis on measuring safe haven status in years, not weeks, implicitly challenges the 'digital gold' thesis that Bitcoin is a reliable hedge. While crypto advocates tout Bitcoin's fixed supply, the 2022-2023 drawdowns showed it behaves more like a risk asset. This statement reinforces the institutional gold lobby's position as uncertainty rises globally (central bank buying, de-dollarization), creating a competition for capital that favors gold in portfolios right now.

Gold

LBMA CEO Ruth Crowell stated that gold's safe haven status still holds and should be measured over years.

LBMA CEO Ruth Crowell: Gold's Safe Haven Status Should Be Measured in Years

Gold's institutional backers demand years-long patience, yet crypto investors are mocked for the same long-term view — hypocrisy in safe haven narratives.