Dubai was the stage for a historic clash.
Two opposing visions of money.
Two conflicting philosophies.
One final message: the future is already in motion.
During the Binance Blockchain Week, Changpeng Zhao (CZ) faced off against Peter Schiff, the eternal Bitcoin critic and gold advocate. The outcome was not just a debate…
It was a shift in narrative.
“Bitcoin is backed by nothing” — says Schiff
His argument was clear:
According to him, BTC is just speculation, not real money, and has lagged behind gold even with ETFs, institutional adoption, and constant headlines.
But CZ did not take long to respond.
“People are already paying with crypto every day” — CZ responds
CZ laid down something irrefutable: real use.
Millions of people today:
✅ They pay with crypto cards
✅ They use BTC for immediate transfers
✅ They avoid bank waits of days
✅ They access global money without permission
It is not theory.
It is active financial infrastructure.
And what about tokenized gold?
In one thing they agreed:
Tokenized gold works better than physical gold.
It is:
✔️ Divisible
✔️ Transferable
✔️ Programmable
But that's where the agreement ends.
The argument that breaks the game
Schiff insists:
“Bitcoin is not backed by anything.”
CZ destroys that idea with a single concept: ✅ Bitcoin is backed by its global network, programmed scarcity, and real utility.
And delivers the final blow:
“No one really knows how much gold exists.
From Bitcoin, we know exactly how many there will be.”
Fixed supply. Total transparency. Immutable.
Utility vs Speculation
Schiff insists that:
❌ No one sets prices in BTC
❌ Companies convert everything to fiat
❌ Bitcoin buys less gold today than before
CZ responds with facts:
✅ People who went from waiting days to minutes
✅ Real global payments
✅ Accessible savings without intermediaries
✅ Users who built wealth from scratch
The final verdict from CZ
Bitcoin will not only compete with gold.
It will surpass it.
By:
🔹 Technology
🔹 Liquidity
🔹 Institutional adoption
🔹 Real use
🔹 Global accessibility
Physical money is slow.
Digital money is inevitable.
Conclusion
This is no longer just an ideological debate.
It is a structural transition of money.
Gold represents the past of the store of value.
Bitcoin is building its future.
And the battle... has just begun.
