Old Millionaire

Yesterday in Dubai, Peter Schiff walked on stage holding a gold bar. CZ asked him one simple question: “Is it real?” Schiff replied: “I don’t know.” The London Bullion Market Association later confirmed what gold experts already know. There is only one way to verify gold with 100 percent certainty: melt it. Verification requires destruction. Bitcoin does not. It self-verifies in seconds. No experts. No labs. No trust. A public ledger secured by math, instantly checkable by 300 million people from anywhere in the world. For 5,000 years, gold’s monetary premium came from scarcity. But scarcity means nothing if authenticity cannot be proven. The numbers most people never mention: Five to ten percent of the global physical gold market is tied to counterfeit gold. Every vault, every bar, every transfer relies on trusting someone. Bitcoin requires trusting no one. Gold’s market cap of 29 trillion dollars is built on “Trust me.” Bitcoin’s 1.8 trillion is built on “Verify it yourself.” This is not a battle between speculation and stability. It is a full inversion of verification costs in the 21st century. When the leading voice of the gold camp cannot verify the bar in his own hand, the argument writes itself. Physical assets that cannot prove themselves will lose their monetary premium to digital assets that can prove themselves every 10 minutes, every block, forever. The question is no longer “Is Bitcoin real money?” The real question is: “Was gold ever verifiable money in the first place?” #BinanceBlockchainWeek #BTCVSGOLD