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CZ and Schiff's Century Debate: Bitcoin VS Tokenized Gold, Summary of Views
Last week was Dubai Blockchain Week, where the 'Gold Bug' Peter Schiff had a debate with Binance founder CZ on the topic of (Bitcoin vs. Tokenized Gold). This article summarizes the viewpoints of both sides for your reference.
About the individuals:
1. Peter Schiff is a highly recognized and controversial investment advisor in the United States, who gained fame for accurately predicting the 2008 global financial crisis and is nicknamed 'Dr. Doom'. He frequently appears in mainstream media, such as guesting on CNBC and Bloomberg television, and hosts shows like (Wall Street Perspective) and (The Peter Schiff Show). He has authored several bestselling economics books, including (The Dollar Collapse), (Why Nations Fail), and (Economics of Small Islands).
About the individuals:
1. Peter Schiff is a highly recognized and controversial investment advisor in the United States, who gained fame for accurately predicting the 2008 global financial crisis and is nicknamed 'Dr. Doom'. He frequently appears in mainstream media, such as guesting on CNBC and Bloomberg television, and hosts shows like (Wall Street Perspective) and (The Peter Schiff Show). He has authored several bestselling economics books, including (The Dollar Collapse), (Why Nations Fail), and (Economics of Small Islands).
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I carefully watched the century debate between CZ and Schiff and have a few opinions:
1. Over the past 15 years, Bitcoin has increased so much and developed so many Visa cards. It's hard to believe that there are still people insisting it's a bubble and that it's not a currency.
Now Bitcoin has a consensus among 300 million people, which is more than the population of many countries; Zimbabwe does have currency, but look at how many people use it?
2. Peter Schiff seems to oppose it just for the hype. How can someone who doesn't believe Bitcoin has value believe that tokenized gold has value? Is it just because gold has such few industrial uses?
3. He insists that the value of gold comes from its industrial uses but also admits that this pitiful industrial use does not justify its high price and readily accepts the exorbitant premium caused by its scarcity. Yet he remains blind to the deterministic scarcity of Bitcoin.
Honestly, this debate feels more like Peter Schiff is taking a contrarian position to promote his tokenized gold project.
#BianceBlockchainWeek #BTCvsGold
1. Over the past 15 years, Bitcoin has increased so much and developed so many Visa cards. It's hard to believe that there are still people insisting it's a bubble and that it's not a currency.
Now Bitcoin has a consensus among 300 million people, which is more than the population of many countries; Zimbabwe does have currency, but look at how many people use it?
2. Peter Schiff seems to oppose it just for the hype. How can someone who doesn't believe Bitcoin has value believe that tokenized gold has value? Is it just because gold has such few industrial uses?
3. He insists that the value of gold comes from its industrial uses but also admits that this pitiful industrial use does not justify its high price and readily accepts the exorbitant premium caused by its scarcity. Yet he remains blind to the deterministic scarcity of Bitcoin.
Honestly, this debate feels more like Peter Schiff is taking a contrarian position to promote his tokenized gold project.
#BianceBlockchainWeek #BTCvsGold
CZ and Schiff's Century Debate: Bitcoin VS Tokenized Gold, Summary of Views
Last week was Dubai Blockchain Week, where the 'Gold Bug' Peter Schiff had a debate with Binance founder CZ on the topic of (Bitcoin vs. Tokenized Gold). This article summarizes the viewpoints of both sides for your reference.
About the individuals:
1. Peter Schiff is a highly recognized and controversial investment advisor in the United States, who gained fame for accurately predicting the 2008 global financial crisis and is nicknamed 'Dr. Doom'. He frequently appears in mainstream media, such as guesting on CNBC and Bloomberg television, and hosts shows like (Wall Street Perspective) and (The Peter Schiff Show). He has authored several bestselling economics books, including (The Dollar Collapse), (Why Nations Fail), and (Economics of Small Islands).
About the individuals:
1. Peter Schiff is a highly recognized and controversial investment advisor in the United States, who gained fame for accurately predicting the 2008 global financial crisis and is nicknamed 'Dr. Doom'. He frequently appears in mainstream media, such as guesting on CNBC and Bloomberg television, and hosts shows like (Wall Street Perspective) and (The Peter Schiff Show). He has authored several bestselling economics books, including (The Dollar Collapse), (Why Nations Fail), and (Economics of Small Islands).
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Debate: Bitcoin vs Tokenized Gold, which is the future core risk aversion asset?
#比特币VS代币化黄金
Pro: Bitcoin is more suitable for future risk aversion needs
1. Absolute scarcity + decentralization, breaking trust dependency: A total supply of 21 million coins that is immutable, blockchain consensus does not require third-party endorsement, avoiding the credit risk of gold custody and the institutional dependency of tokenized gold, is the 'non-manipulated hard currency' of the digital age.
2. Global liquidity + growth potential, balancing risk aversion and returns: 24/7 trading without geographical restrictions, institutional funds continue to enter, raising consensus. Even with short-term fluctuations, in the long run, it remains a highly elastic asset against fiat currency inflation, rather than merely a 'store of value' tool.
Pro: Bitcoin is more suitable for future risk aversion needs
1. Absolute scarcity + decentralization, breaking trust dependency: A total supply of 21 million coins that is immutable, blockchain consensus does not require third-party endorsement, avoiding the credit risk of gold custody and the institutional dependency of tokenized gold, is the 'non-manipulated hard currency' of the digital age.
2. Global liquidity + growth potential, balancing risk aversion and returns: 24/7 trading without geographical restrictions, institutional funds continue to enter, raising consensus. Even with short-term fluctuations, in the long run, it remains a highly elastic asset against fiat currency inflation, rather than merely a 'store of value' tool.
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Seeing Binance BBW's "Bitcoin vs. Tokenized Gold" debate event, let's talk about the differences and compatibility between the two!
Bitcoin, as a "benchmark" in the crypto field, its decentralized properties and global borderless liquidity have made it a "digital elastic asset" in the eyes of many, hiding high growth potential within its volatility; while tokenized gold is a combination of "traditional hedging + blockchain innovation"—anchoring the value base of physical gold, and utilizing on-chain technology to solve the cumbersome thresholds of offline gold transactions.
My stance is that "the two complement each other rather than exclude each other": investors seeking high elasticity and preferring innovative tracks can focus on Bitcoin; those who want to add liquidity efficiency in their hedging allocation should consider tokenized gold as a "new option" for conservative portfolios. Looking forward to this debate uncovering more scenarios and compatibility logic between the two. #BTCVSGOLD #BianceBlockchainWeek $BTC
Bitcoin, as a "benchmark" in the crypto field, its decentralized properties and global borderless liquidity have made it a "digital elastic asset" in the eyes of many, hiding high growth potential within its volatility; while tokenized gold is a combination of "traditional hedging + blockchain innovation"—anchoring the value base of physical gold, and utilizing on-chain technology to solve the cumbersome thresholds of offline gold transactions.
My stance is that "the two complement each other rather than exclude each other": investors seeking high elasticity and preferring innovative tracks can focus on Bitcoin; those who want to add liquidity efficiency in their hedging allocation should consider tokenized gold as a "new option" for conservative portfolios. Looking forward to this debate uncovering more scenarios and compatibility logic between the two. #BTCVSGOLD #BianceBlockchainWeek $BTC
Binance Announcement
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Binance Square: Participate in the #BTCvsGold debate and win 1,000 USDC rewards
This is a general announcement, and the products and services mentioned here may not be available in your region.
Dear user:
The highly anticipated 2025 Binance Blockchain Week (BBW) 'Bitcoin VS Tokenized Gold' debate is coming soon, and Binance Square is launching a brand new event, inviting users to create content and share a reward of 1,000 USDC!
Event Time: December 2, 2025, 14:00 to December 5, 2025, 14:00 (UTC+8)
Participation Method:
During the event, publish at least one post on the Coin Square, sharing your views and stance on the debate of 'Bitcoin VS Tokenized Gold'. Please ensure your post meets the following conditions to qualify for rewards:
Dear user:
The highly anticipated 2025 Binance Blockchain Week (BBW) 'Bitcoin VS Tokenized Gold' debate is coming soon, and Binance Square is launching a brand new event, inviting users to create content and share a reward of 1,000 USDC!
Event Time: December 2, 2025, 14:00 to December 5, 2025, 14:00 (UTC+8)
Participation Method:
During the event, publish at least one post on the Coin Square, sharing your views and stance on the debate of 'Bitcoin VS Tokenized Gold'. Please ensure your post meets the following conditions to qualify for rewards:
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