I carefully watched the century debate between CZ and Schiff and have a few opinions:
1. Over the past 15 years, Bitcoin has increased so much and developed so many Visa cards. It's hard to believe that there are still people insisting it's a bubble and that it's not a currency.
Now Bitcoin has a consensus among 300 million people, which is more than the population of many countries; Zimbabwe does have currency, but look at how many people use it?
2. Peter Schiff seems to oppose it just for the hype. How can someone who doesn't believe Bitcoin has value believe that tokenized gold has value? Is it just because gold has such few industrial uses?
3. He insists that the value of gold comes from its industrial uses but also admits that this pitiful industrial use does not justify its high price and readily accepts the exorbitant premium caused by its scarcity. Yet he remains blind to the deterministic scarcity of Bitcoin.
Honestly, this debate feels more like Peter Schiff is taking a contrarian position to promote his tokenized gold project.
