CZ and Peter Schiff debate the future of money: bitcoin vs. tokenized gold
During Binance Blockchain Week 2025 in Dubai, a landmark discussion took place between Binance founder Changpeng Zhao (CZ) and economist Peter Schiff. The main topic of their conversation was the possibilities and prospects of bitcoin compared to tokenized gold. Schiff, a well-known critic of bitcoin, emphasized the value of gold as an asset with intrinsic value due to its physical nature and industrial use, while tokenized gold, in his opinion, is a better option due to its digital convenience.
Source Incrypted
CZ expressed confidence in the benefits of bitcoin, calling it a transparent and fast method of transferring value. He also noted that bitcoin is much more than just a payment network, as a huge infrastructure and global community has formed around it. Both speakers demonstrated different approaches to the value of capital, with Schiff emphasizing tangible assets and Zhao drawing attention to the virtual value of digital products.
As a result of the discussion, it became clear that the positions of both experts differ significantly: Schiff believes that bitcoin has no collateral, while CZ emphasizes its practical value and technological advantages. This discussion opens up an important debate about the further development of financial instruments and investments, which may affect the future of stable money in the world.
