🔥 Peter Schiff vs CZ: Gold vs Crypto Showdown
The long-running gold vs Bitcoin argument just got spicier.
💰 Peter Schiff, the gold-lover who calls Bitcoin a “bubble,” just launched a tokenised gold project — basically digital tokens backed by real gold in a vault. He says this is the future of money: real value, now upgraded by blockchain.
⚡ CZ (Changpeng Zhao), founder of Binance, clapped back:
> “If your token still depends on trusting a vault or a company, it’s not truly on-chain.”
He argues that Bitcoin is pure digital freedom — no custodian, no trust needed — while tokenised gold is just a shiny IOU.
🥊 The debate boils down to this:
Schiff: Gold has stood the test of time — crypto is hype.
CZ: Crypto kills trust — gold still needs middlemen.
🚀 Why it matters:
It’s not just gold vs Bitcoin anymore — it’s trust vs decentralisation, tradition vs innovation, physical vs digital.
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💭 Question to the crowd:
If you could store your wealth for 50 years, would you pick Gold, Bitcoin, or Tokenised Gold?