CZ and Peter Schiff Engage in Heated Debate: Bitcoin vs Gold, Which is the True Store of Value?

Binance founder Changpeng Zhao (CZ) and renowned pro-gold economist Peter Schiff engaged in a debate on December 4th during the Binance Blockchain Week 2025 in Dubai.

The topic was 'Bitcoin (BTC) and tokenized gold, which represents the future of sound money?' The two expressed contrasting views on verifiability, scarcity, and the function of preserving value.

The debate highlighted fundamental differences. Schiff criticized Bitcoin as an 'unbacked asset that relies on faith,' emphasizing gold's industrial uses and physical scarcity. The debate also touched on the ease of ownership transfer enabled by digital technology...