Bitcoin Debate: CZ Challenges Peter Schiff on BTC's Purpose š¤
A public debate on financial philosophies is heating up on social media. Binance founder Changpeng "CZ" Zhao has directly challenged gold advocate Peter Schiff's core critique of Bitcoin. The central question: Is Bitcoin merely for speculation, or does it possess foundational utility as a new monetary asset? š°
The exchange began with Peter Schiff reiterating his long-held view that Bitcoin is a speculative bubble lacking intrinsic value. He often emphasizes gold's historical role as a true store of wealth. CZ, however, advocates for Bitcoin's revolutionary potential beyond mere trading. š
