At Binance Blockchain Week 2025, Binance CEO Changpeng Zhao (CZ) and gold advocate Peter Schiff engaged in a spirited debate over the merits of Bitcoin versus tokenized gold as superior stores of value and payment assets. Schiff argued that tokenized gold offers the benefits of blockchain transferability while maintaining "real" backing and lower volatility. In contrast, CZ highlighted Bitcoin's trust-minimized design, global liquidity, and borderless portability as key long-term advantages. The debate also explored issues of verification, custody trust assumptions, and the legitimacy of using crypto cards as a form of "paying with crypto." Both participants remained steadfast in their opposing views, underscoring the ongoing divide between traditional gold proponents and cryptocurrency advocates.
CZ and Peter Schiff Clash Over Bitcoin vs. Tokenized Gold at Binance Event
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