Finite & Transparent Supply: “We don’t know how much gold exists. With Bitcoin, we know exactly — 21 million.”
Utility & Real Adoption: Demonstrated crypto payment use via the Binance Visa card. Claimed hundreds of millions use crypto for remittance and savings.
Digital Value ≠ Less Value: Compared Bitcoin to software, Google, and social networks — all intangible, but valuable.
Performance: Cited Bitcoin’s outperformance of all major asset classes since inception
Quote: “Gold will do well. Bitcoin will do better… Bitcoin is the future.”
🟡 Peter Schiff – Pro-Gold
Intrinsic Value: Argued gold has industrial and historical value; Bitcoin has “no real use.”
Bitcoin = Speculation: Claimed Bitcoin is bought purely on the hope it will go up in value.
Tokenized Gold: Suggested tokenizing physical gold to get the best of both worlds — blockchain utility with physical backing.
Quote: “The one thing that makes sense to put on a blockchain is gold… Bitcoin can never deliver on its promises.”
🔹 Audience Reactions & Exchanges
CZ’s Demo: Showed real crypto payments in action; drew strong audience approval.
Schiff’s Dismissal: Laughed off crypto utility as “just selling for fiat,” but received little audience support.
Youth Argument: CZ claimed younger generations prefer Bitcoin; Schiff warned they’d “learn the hard way” — a comment met with laughter.
🔹 Conclusion
Shared Ground: Both agreed tokenized gold has potential, and CZ invited Schiff to issue it on Binance.