In a recent interview video, gold bull Peter Schiff once again explicitly denies the claim that “Bitcoin is digital gold.” He believes that the true candidate for this title should be tokenized gold—that is, assets circulating on the blockchain but backed by physical gold.
During the interview, he re-cued CZ, stating that CZ once handed him a one-kilogram gold bar and emphasized that Bitcoin’s advantage is that it “can be verified instantly.” In response, Schiff still rebutted that tokenized gold also has the capability of instant verification because it also operates on the blockchain, and the underlying logic is not fundamentally different.
This debate is not just a verbal sparring. In recent days, Binance has launched USDT-margined perpetual contracts for gold and silver, bringing “hard assets” back to the center of the crypto trading system. One emphasizes a decentralized consensus asset, and the other advocates for physical backing as an on-chain expression.
Who is the “digital gold”? The market is still voting with trading volume.
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