Changpeng Zhao, Agrees to Public Debate with Peter Schiff on 'Bitcoin vs Gold'

JH Kim

Summary

Changpeng Zhao said he agreed to a public debate with Peter Schiff on the subject of 'Bitcoin vs gold'.
Both figures were reported to have strongly asserted, respectively, the 'store of value of Bitcoin and the traditional value of gold.
The industry expects this debate could influence the 'correlation', the 'hedge(hedge) asset' debate, and investor sentiment between traditional assets and digital assets.

Changpeng Zhao (CZ), the founder of Binance, has agreed to a public debate with Peter Schiff, a prominent advocate of gold investments, on the topic of 'Bitcoin (BTC) vs gold'.

On the 23rd (local time), according to crypto asset (cryptocurrency) specialist media Bitcoin Magazine, Changpeng Zhao accepted Peter Schiff's debate proposal and said, "Bitcoin has already secured its status as a store of value as the gold of the digital age."

Meanwhile, Peter Schiff countered, "Bitcoin is a speculative asset with no intrinsic value, and gold is the historically proven store of value."

The schedule and format of the two's debate will be finalized later, but the industry expects, "This debate will visualize the perception gap between traditional assets and digital assets."

Experts said, "The debate between CZ and Schiff could directly affect investor sentiment," and "the correlation between Bitcoin and gold and the hedge(hedge) asset debate will be re-emphasized."