Senior economics professor says Bitcoin is ‘fool’s gold’

Steve Hanke, a senior economics professor at Johns Hopkins University, has said the recent market performance reinforces his long-standing view that Bitcoin (BTC) is ‘fool’s gold’ rather than a genuine store of value.  The economist’s critique comes as gold prices surged to record highs above $5,000 per ounce, while Bitcoin has lagged, trading in the upper $80,000 range after falling sharply from its 2025 peak. In a January 25 post on X, Hanke shared a comparative chart showing gold up about 48% over the period, while Bitcoin is down roughly 21.6% source: https://finbold.com/senior-economics-professor-says-bitcoin-is-fools-gold/