Overview
- At Binance Blockchain Week in Dubai on Dec. 4, CZ handed Schiff a sealed 1,000‑gram bar that Schiff said he could not authenticate without equipment, a clip that spread widely.
- Schiff announced T‑Gold.com, offering vaulted metal with the option to withdraw blockchain tokens, praising tokenization for divisibility and transportability.
- He argued Bitcoin lacks intrinsic, industrially backed value and said most “Bitcoin payments” are conversions to fiat, calling them “liquidated bets.”
- CZ countered that users can spend seamlessly via crypto cards and digital rails, framing Bitcoin as a verifiable, programmable settlement network.
- Both leaned on performance windows, with reports citing gold up roughly 59% year to date in 2025 versus Bitcoin’s multi‑year outperformance, and CZ later calling Schiff “so close” to accepting BTC.