CZ Slams Tokenized Gold as a ‘Trust Me Bro’ Token, Counters Peter Schiff
Share:
Predictions Markets
See what traders are focused on
- Schiff says tokenized gold could become the best stable asset for digital payments
- His plan involves buying, storing, and spending gold through an app-linked platform
- CZ replied that tokenized gold still depends on trusting custodians and companies
Gold has always been the old king of value: unyielding, heavy, and unbothered by innovation. But when Peter Schiff, the long-time gold advocate and Bitcoin critic, recently said that “tokenized gold” could be the future of stable value, and the idea sparked immediate debate.
Binance founder Changpeng Zhao (CZ) immediately pushed back, dismissing the concept as fundamentally flawed and reliant on old-world trust assumptions.
Schiff’s Vision: Gold on the Blockchain
Schiff described a digital world where investors could own, trade, and spend gold through an app, with gold stored in vaults but represented by tok…
Read The Full Article CZ Slams Tokenized Gold as a ‘Trust Me Bro’ Token, Counters Peter Schiff On Coin Edition.
Read More
XLM Price Gains 30% as Institutional Adoption Narrative Strengthens With DTCC Deal
