#BinanceBlockchainWeek directly or through cards, wallets, and merchants. Adoption defines money more than academic definitions.”
Schiff’s counterarguments remained rooted in theoretical objections rather than adoption metrics, often overlooking that today’s monetary infrastructure is already digital.
CZ Demonstrates Bitcoin Payments Live — Schiff Says It “Doesn’t Count”
To challenge the claim that crypto isn’t used in payments, CZ held up a Binance Visa card.
“You can pay anywhere Visa is accepted. Users spend crypto directly.
The merchant receives fiat — problem solved.”
Usage numbers:
Millions of active Binance card users
Tens of millions of crypto payment transactions processed
Merchants do not need to integrate crypto directly
Schiff dismissed it as “selling Bitcoin for dollars,” but CZ clarified the point:
“It works. Users use crypto. Merchants get paid. That is utility.”
The crowd overwhelmingly sided with CZ in recognizing this as real-world crypto usage.
On Value: CZ Argues Bitcoin Has Outperformed Every Asset for 15 Years
Schiff claimed Bitcoin underperformed gold in gold-terms over a four-year window.
CZ responded with the broader historical reality:
Bitcoin has outperformed every major asset class since inception
Bitcoin has become a $2 trillion asset
Adoption has grown from zero to hundreds of millions globally
Bitcoin continues to see increasing real-world and institutional integration
“Value is not determined by one handpicked time period. The long-term trajectory is clear.”
The audience reaction made clear which viewpoint resonated.
CZ on Altcoins vs. Bitcoin: Community + Adoption = Real Value
When Schiff implied new tokens dilute Bitcoin’s position, CZ reframed the argument:
“Anyone can issue a token — but utility and community cannot be copied.
Bitcoin is backed by millions of people. That is why it has value.”
This distinction — technology vs. adoption — became one of CZ’s strongest points of the debate.
Future Generations:$BTC
Wins; Schiff Says They Will Reject It
