Overview
- At Binance Blockchain Week in Dubai on December 4, Changpeng Zhao and Peter Schiff debated whether Bitcoin or tokenized gold is the better monetary system.
- CZ handed Schiff a sealed 1 kilogram gold bar marked from Kyrgyzstan, and Schiff said he could not verify it without equipment, reinforcing Bitcoin’s instant on‑chain verification pitch.
- Schiff announced TGold (T-Gold.com), a platform selling vaulted gold and silver with the option to withdraw physical bars or blockchain tokens representing ownership.
- Both men agreed tokenization improves gold’s portability, divisibility, and fungibility, even as Schiff called Bitcoin speculative and “backed by nothing.”
- CZ highlighted Bitcoin’s fixed supply, public verifiability, and payment rails such as crypto cards and real‑world remittances, while coverage noted gold’s roughly 59% gain in 2025 versus Bitcoin’s stronger multi‑year returns.