The clash between @CZ and Peter Schiff at Binance Blockchain Week Dubai turned into a fiery showdown. Schiff started by pointing to Bitcoin’s recent volatility, claiming that $BTC demand is weakening and that gold is outperforming it — even with ETFs, corporate buying, and constant media exposure.
But CZ shut that down immediately.
CZ explained that Bitcoin isn’t surviving on speculation — millions of people use crypto-linked cards for real payments every single day.
“People aren’t guessing; they’re actually buying things,” he said. You swipe the card, and the crypto is deducted instantly — real utility, not theory.
Both agreed on one point: tokenized gold is more practical than physical gold. CZ even said, “Tokenized gold is almost better than the gold itself — easy to divide, move, transfer.”
But the agreement ended when Schiff repeated his usual claim: “Bitcoin is not backed by anything.”
@CZ countered instantly: “Virtual doesn’t mean valueless. X is virtual, Google is virtual — their value comes from networks.”
He emphasized that gold’s total supply is uncertain, while Bitcoin’s supply is fixed and fully transparent.
Schiff argued that “nothing is priced in BTC,” and that businesses quickly convert it to fiat.
CZ responded with real-world stories — people cutting payment times from 3 days to 3 minutes, saving enough to earn their first $1,000, and millions transacting daily without relying on banks.
Schiff’s final argument was that Bitcoin now buys 40% less gold than it did four years ago, suggesting its purchasing power is falling.
But by then, the room had already shifted toward CZ — his points on utility and transparency resonated more strongly.
In the end, CZ confidently stated that Bitcoin will outperform gold long-term because of its technology, transparency, and global usability.
Schiff stuck to his pro-gold stance, but on the Dubai stage, CZ clearly owned the narrative.$BNB #BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #CZ
