Bitcoin vs Gold: The Debate, is here! CZ, Changpeng Zhao (Founder of Binance & Giggle Academy) joins economist and long-time Bitcoin critic Peter Schiff for one of the most anticipated debates in digital asset history — a head-on clash between Bitcoin and gold as the world’s next monetary standard. In this high-energy, often humorous, and surprisingly technical exchange, CZ defends Bitcoin’s utility, scarcity, and global adoption, while Peter argues that tokenized gold will outclass BTC as the superior store of value.
Peter Schiff lays out the case for tokenized gold: gold vaulted, fully allocated, and redeemable as a transferable on-chain token. On the other side, the case for Bitcoin: a borderless, verifiable, scarcity-based digital asset with growing utility (payments, custody, and on-chain settlement). Whether you're studying Bitcoin’s role as digital gold, researching tokenized assets and inflation hedges, or trying to understand how real-world utility and monetary history shape crypto adoption, this is one of the clearest frameworks you’ll hear from two diametrically opposed philosophies.
In this session, you’ll discover:
Why Peter believes tokenized gold is superior to Bitcoin — divisible, transferable, redeemable, and backed by real metal
CZ’s counterargument: Bitcoin’s portability, verifiable scarcity, and global adoption make it the better monetary technology
Is Bitcoin “backed by nothing”? A deep dive into utility, network effects, and why virtual systems like the internet still hold immense value
Store of value vs speculation: Are people buying BTC for utility or purely for price appreciation?
Gold supply vs. Bitcoin supply: Known scarcity vs. geological uncertainty, synthetic gold, and predictable issuance schedules
Gold vs BTC in payments: cards, conversions, and who’s actually paying in what
The role of central banks: Why they still accumulate gold — and whether that undermines or strengthens Bitcoin’s long-term thesis
Real-world payments: How millions silently use BTC via crypto cards, contrasted with Peter’s vision for gold-based payments
The next generation: Will younger generations trust Bitcoin more than physical commodities?
Timestamps:
00:00 – Introduction & Setting the Stage
01:21 – Peter explains tokenized gold (TGold): vaulted, allocated, redeemable as on‑chain tokens
02:34 – What tokenized gold (TGold) represents and how it can be used as money
04:42 – Paper currencies (Fiat) vs tokenized gold (TGold)
05:58 – Why digitised gold is better than tokenised gold
06:58 – CZ brings out a gold bar on stage
07:41 – CZ: "So, is this real gold?" Peter tries to determine
09:02 – How much is 1kg of gold worth? Debating gold's valuation
10:09 – CZ: "You can't take gold out of a country though..."
10:52 – Differences in verification for Bitcoin vs Gold
11:17 – CZ explains Bitcoin's virtual nature: "Bitcoin doesn't exist, only transactions do"
12:34 – CZ: Why virtual things still have value
13:07 – Schiff: "Intangible is fine – but Bitcoin does NOTHING"
14:06 – Schiff on physical utility of Tokenized Gold
16:37 – CZ challenges Schiff: "How much gold is there, really?"
17:52 – Explaining how central banks deviate from the gold standard since 1971
18:47 – CZ explains Bitcoin's utility: "Bitcoin is an industry, not just money"
20:19 – Debating on definitions of "money" with respect to Bitcoin vs Gold
23:49 – Debating on the value of Bitcoin vs Gold
27:39 – Schiff seeing Bitcoin as pure speculation
32:00 – CZ shares real-world use cases of Bitcoin
34:16 – Debating on historical adoption, merchant usage & payments
42:34 – Price vs value of Bitcoin vs Gold
43:20 – Debating on speculation of Bitcoin vs Gold
50:06 – Debating on the future based on market cycles
52:57 – CZ: "Agree to disagree"
53:38 – Outro
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