One of the most anticipated discussions of the event took place during Binance Blockchain Week 2025 in Dubai — a debate between Changpeng Zhao (CZ), founder of Binance and Giggle Academy, and Peter Schiff, economist and founder of Euro Pacific Asset Management and Schiff Gold. This was reported by the Incrypted team that attended the […] Сообщение CZ and Peter Schiff Debated the Future of Money: Bitcoin vs Gold появились сначала на INCRYPTED.One of the most anticipated discussions of the event took place during Binance Blockchain Week 2025 in Dubai — a debate between Changpeng Zhao (CZ), founder of Binance and Giggle Academy, and Peter Schiff, economist and founder of Euro Pacific Asset Management and Schiff Gold. This was reported by the Incrypted team that attended the […] Сообщение CZ and Peter Schiff Debated the Future of Money: Bitcoin vs Gold появились сначала на INCRYPTED.

CZ and Peter Schiff Debated the Future of Money: Bitcoin vs Gold

2025/12/04 23:33
  • Binance Blockchain Week 2025 is taking place in Dubai.
  • The main event was a discussion about bitcoin and tokenized gold between CZ and Peter Schiff.
  • The latter defended gold, while CZ defended the first cryptocurrency.

One of the most anticipated discussions of the event took place during Binance Blockchain Week 2025 in Dubai — a debate between Changpeng Zhao (CZ), founder of Binance and Giggle Academy, and Peter Schiff, economist and founder of Euro Pacific Asset Management and Schiff Gold. This was reported by the Incrypted team that attended the event.

The central question was the dilemma currently being discussed by investors and financial institutions around the world: what is the future of “stable money” — bitcoin or tokenized gold?

Schiff, a prominent critic of bitcoin, has consistently defended the value of gold, enhanced by tokenisation. He noted:

He also added that digital technology makes the asset more convenient to use:

Schiff emphasised the industrial value of the metal:

In response, CZ highlighted the benefits of bitcoin as a decentralized digital currency. He noted:

Zhao also noted the scale of the infrastructure that has grown around the asset:

Another thesis of CZ concerned the value of intangible digital products:

The discussion demonstrated a key difference of opinion: Schiff considers bitcoin to be an asset without collateral, based on trust, while CZ emphasizes its independence from intermediaries and global availability.

However, when CZ handed Schiff a gold bar and asked him to authenticate it, he admitted that he could not do so without an expert. CZ pointed out that this is where the key difference from bitcoin comes in — its authenticity can be verified instantly and without intermediaries.

Although Schiff criticizes cryptocurrency bills and predicts the collapse of the cryptocurrency sector, he wrote a satirical message on his birthday this year asking for bitcoin to be added to his “strategic reserve.”

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21