Bitcoin Critic Peter Schiff Challenged On Stage: Can He Tell Whether A Gold Bar Is Real?
Binance founder Changpeng Zhao on Thursday playfully confronted prominent Bitcoin (CRYPTO: BTC) Peter Schiff at the Blockchain Week event, challenging Schiff on stage to verify whether a $70,000 gold bar is real or not.
Zhao Uses A Gold Bar To Highlight Bitcoin’s Verification Advantage
Zhao presented Schiff with a sealed 1,000-gram bar from Kyrgyzstan and asked him to verify whether it was authentic, to which Schiff admitted that he could not determine its legitimacy without equipment.
The moment was shared widely on social media, reinforcing Zhao’s argument that gold requires trust in intermediaries while Bitcoin’s ledger offers instant verification.
Zhao said the demonstration was meant to show why programmable scarcity and transparent settlement systems are becoming more important as global finance shifts toward digital infrastructure.
He framed verifiability as a foundational advantage for Bitcoin, positioning it as a modern alternative to assets stored in vaults or transported …
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