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Binance Blockchain Week 2025 presented one of its most awaited moments when Changpeng Zhao (CZ), the founder of Binance and Giggle Academy, shared the stage with Peter Schiff, Senior Economist and Founder of Euro Pacific Asset Management and Schiff Gold.
We are LIVE now from the #BinanceBlockchainWeek Main Stage!
The highly anticipated major debate is starting, don’t miss a moment!
Watch it livehttps://t.co/4ED3HwmOj9 pic.twitter.com/BaC6S7QN58
— Binance (@binance) December 4, 2025
The discussion addressed a pivotal question for the global financial environment: Is the future of sound money based in Bitcoin, or will tokenized gold ultimately take precedence? The venue was filled with investors, developers, policymakers, and institutional representatives, creating an atmosphere ripe for a clash of ideologies, economics, and technology.
Schiff: Tokenized Gold Enhances What Already Works
Peter Schiff presented tokenized gold not as a rival to Bitcoin but as the modernization of a time-tested store of value. “Tokenized gold enhances all the monetary characteristics of gold while it continues to serve as a store of value. The token is merely proof that you possess the gold in the vault.”
He contended that technology addresses the fundamental logistical limitation of gold—portability—without compromising its inherent qualities. “For monetary purposes, tokenized gold surpasses physical gold. Ownership can transfer while the gold remains in the vault.”
Schiff reminded attendees that gold’s worth is grounded in utility, scarcity, and historical trust. “What provides gold with value is not its tangibility, but its genuine utility as a metal. Certain industries rely on gold, and there are functions that only gold can fulfill.”
For Schiff, tokenization is an evolution rather than a revolution—preserving the asset while eliminating friction.
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CZ: Digital Value Needs No Physical Form
CZ responded by asserting that Bitcoin is inherently suited to the internet economy and thrives as a purely digital entity. “If I send you Bitcoin right now, we can confirm in multiple ways that you have received it. It settles instantly and transparently on-chain.”
He framed Bitcoin as more than just a currency—it represents a global decentralized ecosystem. “Bitcoin transcends a transaction network. It constitutes a complete industry with numerous applications and a vast, global community supporting it.”
CZ rejected the idea that money needs physical backing to be credible, likening Bitcoin’s value to that of technology platforms. “The internet is intangible. There is nothing physical about Google or X, yet they undeniably hold value. Many virtual entities possess value; that value is not linked to physical attributes.”
Two Philosophies, One Converging Future
The debate underscored a wider transformation: traditional assets are being digitized, while native digital assets continue to evolve. Tokenized gold appeals to those who appreciate tangible backing and historical reliability; Bitcoin resonates with a generation that values decentralization and borderless liquidity.
If Binance Blockchain Week demonstrated anything, it’s that the future of money may not be characterized by a single asset—but rather by the effectiveness of traditional and digital systems to coexist, compete, and ultimately converge.
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