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🚀 Bitcoin vs Tokenized Gold: The Debate That Shook Binance Blockchain Week Dubai!
At Binance Blockchain Week in Dubai, two industry heavyweights—CZ, the founder of Binance, and Peter Schiff, a long-time gold advocate—went head-to-head on the future of value in a digital world.
🔥 Schiff’s Position:
Peter Schiff acknowledged that tokenized gold is superior to physical bullion thanks to better divisibility and transferability.
But he doubled down on his long-held critique of Bitcoin—calling it “unbacked,” lacking real-world utility beyond sending value, and claiming its purchasing power has dropped against gold over the past four years, pushing it into speculative territory.
⚡ CZ’s Counter:
CZ pushed back with facts: Bitcoin’s digital nature doesn’t weaken its value—it strengthens it.
He highlighted that Bitcoin is secured by a global decentralized network, has a fixed, transparent supply, and powers crypto payment cards, cross-border transfers, and real-world spending—use cases that continue to expand.
💬 The Final Clash:
While Schiff believes rising demand for precious metals will overshadow crypto, CZ remains confident that Bitcoin’s digital-first architecture will keep it relevant—and dominant—in the modern financial economy.
💡 One thing is certain: The debate is far from over.
DYOR No Financial advice!
#Cryptonews #BTC #CZ #GOLD #BTCVSGOLD
$BTC
{spot}(BTCUSDT)
At Binance Blockchain Week in Dubai, two industry heavyweights—CZ, the founder of Binance, and Peter Schiff, a long-time gold advocate—went head-to-head on the future of value in a digital world.
🔥 Schiff’s Position:
Peter Schiff acknowledged that tokenized gold is superior to physical bullion thanks to better divisibility and transferability.
But he doubled down on his long-held critique of Bitcoin—calling it “unbacked,” lacking real-world utility beyond sending value, and claiming its purchasing power has dropped against gold over the past four years, pushing it into speculative territory.
⚡ CZ’s Counter:
CZ pushed back with facts: Bitcoin’s digital nature doesn’t weaken its value—it strengthens it.
He highlighted that Bitcoin is secured by a global decentralized network, has a fixed, transparent supply, and powers crypto payment cards, cross-border transfers, and real-world spending—use cases that continue to expand.
💬 The Final Clash:
While Schiff believes rising demand for precious metals will overshadow crypto, CZ remains confident that Bitcoin’s digital-first architecture will keep it relevant—and dominant—in the modern financial economy.
💡 One thing is certain: The debate is far from over.
DYOR No Financial advice!
#Cryptonews #BTC #CZ #GOLD #BTCVSGOLD
$BTC
{spot}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.