Changpeng Zhao Challenges Peter Schiff: ‘Gold Won’t Go To Zero But Bitcoin Is Better’
Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao reignited the long-running Bitcoin (CRYPTO: BTC) vs. gold debate on Thursday after calling economist Peter Schiff’s new tokenized gold project a “trust-me-bro” asset that isn’t truly on-chain.
Schiff Unveils Tokenized Gold Platform
Schiff, a long-time Bitcoin critic and gold advocate, announced plans to launch a blockchain-based tokenized gold product under his company Shift Gold.
The platform will allow users to buy gold through a mobile app, store it in vaults, and transfer ownership digitally or redeem it for physical bullion.
“Ideally, the one thing that makes sense to put on a blockchain is gold,” Schiff said in a video posted on X.
“You can use tokenized gold as a medium of exchange, a unit of account, and a store of value.”
He described the system as a way to bring stability and physical backing to digital assets — positioning tokenized gold as an alternative to Bitcoin’s volatility.
CZ Pushes Back, Says Gold Tokens …
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