CZ: Gold will perform well, but Bitcoin will perform even better

BlockBeats News, December 4th, CZ debated "Bitcoin vs Tokenized Gold" with economist and cryptocurrency critic Peter Schiff at the Binance Blockchain Week event.

CZ said, "I think gold will perform well, but Bitcoin will perform even better." Peter Schiff said, "Tokenized gold solves the problem of currency use cases without giving up the utility and scarcity of gold itself."

In addition, CZ displayed a gold bar and asked Peter Schiff to authenticate it on the spot. Schiff said that he could not confirm its authenticity as he had never seen the hallmark of that mint and would need to send it for testing. CZ said, "Gold is difficult to authenticate, but Bitcoin is very easy."