Peter Schiff ‘So Close’ To Accepting Bitcoin’s Potential, Says Crypto Billionaire Changpeng Zhao, But The Economist Remains ‘Stubborn’
Posted On December 5, 2025
Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao said Thursday that while Peter Schiff understands the problems with fiat money, he is too “stubborn” to accept Bitcoin (CRYPTO: BTC) as the solution.
CZ On Viral ‘Trick’
In an X post, CZ discussed his debate with Schiff at the Binance Blockchain Week and his viral stunt challenging the Bitcoin critic to prove the authenticity of a gold bar.
“I thought that trick may work. Bitcoin made it easy,” CZ said.
CZ added that while Schiff understands the issues with modern monetary systems, he views Bitcoin primarily as a speculative asset.
“Peter is so close,” the former Binance CEO said. “He hasn’t used Bitcoin enough. He is a gentleman though.”
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