Recently, at an event in Dubai, Peter Schiff picked up a gold bar—and admitted he couldn't say for sure whether it was real or not.
The problem is:
To fully verify gold, a fire assay is required, meaning the bar has to be melted and destroyed.
There is no quick or easy way to instantly confirm its authenticity.
Bitcoin, on the other hand, verifies itself instantly:
No need for experts, no labs, no middlemen.
Only math and a public ledger that anyone can audit 24/7. It is estimated that 5–10% of the world's gold stock could be fake, indicating that the trust-based system of gold is becoming weaker:
Gold = “trust the system.”
Bitcoin = “verify it yourself.”
Those physical assets that cannot prove their authenticity are now losing their monetary value compared to digital assets, which verify themselves every 10 minutes.
The question now is not: “Is Bitcoin money?”
Rather, it is: “Could gold ever really be verified?”
Institutions are already rotating towards verifiable digital assets, and this clearly shows that the money of the future will belong to those assets that can verify themselves.
can be asked.
