Today: In their debate, Peter Schiff described Bitcoin as "pure speculation", while CZ defended it as a real cash network with global utility!
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🗣️ Notable statement:
– Peter Schiff, the gold advocate, described Bitcoin as "backed by nothing" and reliant solely on future buyers
– CZ, founder of Binance, responded that Bitcoin is "a better version of gold", emphasizing instant verification, divisibility, and global transfer
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💡 Highlight moment:
– CZ presented Schiff with a 1 kg gold bar and asked him: "Is it real gold?"
– Schiff replied: "I don’t know", which drew laughter from the audience, and CZ seized the opportunity to highlight that Bitcoin gets verified on the blockchain instantly without tools
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📈 General context:
– The debate took place during Binance's Blockchain Week in Dubai, on "Bitcoin vs. Tokenized Gold"
– Schiff promotes his platform TGold, while CZ asserts that Bitcoin surpasses in scarcity and transparency, despite gold rising 59% in 2025
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❓Do you think this debate will change Schiff's mind about Bitcoin, or will gold remain the traditional "safe haven"?
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