The post CZ slams Peter Schiff’s tokenized gold ‘trust-me’ scam during heated debate appeared on BitcoinEthereumNews.com.

A very classy live financial cage match went down in Dubai at Binance Blockchain Week less than three hours ago when fighter Changpeng “CZ” Zhao finally faced fighter Peter Schiff to prove that Bitcoin is indeed better than gold. After shaking hands and hugging each other, as well as making jokes we didn’t really get, CZ immediately attacked Peter’s “obsession with tokenized gold,” saying it relies too much on trust and central control. Peter started the whole thing by doing what he now does best; dismissing Bitcoin entirely, once again saying that it’s nothing more than “a speculative asset” with no built-in value. “What makes Bitcoin worthless, as far as I’m concerned, is not the fact that I can’t touch it,” Peter said. CZ simply watched with a smile and nodded. Peter continued: “It’s that you can’t do anything with it. It doesn’t have utility beyond the fact that… I can transfer it to you, and you can transfer it to somebody else.” He kept hammering that Bitcoin has no function, and tried to frame it as some kind of hot potato. Then he turned to what he believes actually works; tokenized gold. “When I transfer tokenized gold to you, I’ve transferred gold. I’ve transferred the ownership of the gold,” Peter said. His problem with Bitcoin was apparently about what he called “actual transfer of ownership.” https://www.cryptopolitan.com/wp-content/uploads/2025/12/ChmYFQjhNk0sWl76-1.mp4 But CZ, the crypto community’s fighter, simply brought out a piece of gold from his pocket, held it up and said, “With this, it’s not easy for me to take it across countries. Whereas Bitcoin… has actually gone up in value over the last 15 years.” Peter abruptly accuses Binance of running a casino Peter didn’t let it go. He pushed hard on Bitcoin being nothing more than a giant bet. “More people…

---

Filed under: News - @ December 4, 2025 5:27 pm