Peter Schiff Challenges Binance Founder CZ to Epic Bitcoin v
Danny Danishy
Updated at: 3 hours ago
{"content":"Peter Schiff Challenges Binance Founder CZ to Epic Bitcoin vs. Gold Debate
The age-old battle between Bitcoin and gold is heating up again as economist and gold advocate Peter Schiff has thrown down the gauntlet to Binance founder Changpeng “CZ” Zhao. Schiff publicly challenged CZ to a live debate that will settle which asset — Bitcoin or tokenized gold — better fulfills the traditional functions of money: as a medium of exchange, unit of account, and store of value.
In his X post, Schiff proposed an open debate on whether Bitcoin’s decentralized digital model or gold’s centuries-old stability better represents sound money. CZ responded that tokenized gold can’t truly be considered “on-chain,” highlighting Bitcoin’s transparency and global accessibility.
The renewed tension between gold and Bitcoin comes at a time when market sentiment is shifting rapidly. Gold recently rallied to record highs, only to face a sharp correction — coinciding with a surge in Bitcoin’s price. This has reignited talk among investors about a potential rotation from gold to Bitcoin as the preferred hedge against inflation and currency devaluation.
Prominent investor Anthony Pompliano added fuel to the debate, stating that gold has lost much of its purchasing power against Bitcoin since 2020 and that BTC now serves as the true “hurdle rate” for value preservation.
CZ, meanwhile, confidently predicted that Bitcoin will eventually surpass gold in total market capitalization — though he admitted it might take time. With gold’s market cap sitting around $30 trillion compared to Bitcoin’s $2 trillion, the prediction may seem bold, yet Bitcoin’s exponential performance over the past 16 years has made such milestones appear increasingly possible.
As the crypto and gold camps prepare for this high-profile face-off, investors worldwide are watching closely — because this debate could shape the next major narrative in global finance.
$BTC
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