CZ's debate with Peter Schiff took place.

Main points from the speech:

Most memorable moment:

Peter Schiff was given a gold bar on stage. He couldn't determine if it was real. He compared it with a bracelet, frowned, doubted the color, and eventually said it needed to be sent for analysis.

CZ

• Value can be virtual. The internet, Google, and social networks are also invisible but worth trillions.
• Bitcoin is a global network, technology, and a new type of money, not just speculation.
• Blockchain provides transparency, global reach, and no intermediaries. Bitcoin is the largest and most reliable blockchain with a huge community.
• BTC is actually used—people pay, store, and transfer money faster and cheaper than through banks.
• Bitcoin has a limited supply (21 million), while the amount of gold on Earth is unknown.
• Bitcoin is the new generation of money. More convenient, easier to handle, integrated into the digital economy. Young people will prefer BTC over gold.
• Speculation does not negate the fundamental value of the technology and network. The same happens in stock markets, but no one says stocks are useless.

Peter Schiff

• Bitcoin relies solely on buyers' belief, not on real utility. Buying BTC is pure speculation.
• Gold is necessary for industry, jewelers, electronics, banks, and governments. Its price is based on demand that exists independently of speculators.
• Tokenized gold is better than Bitcoin, offering the same digital properties but retaining the real value of the metal.
• People buy Bitcoin not for use (practical application) but in the hope of price growth.
• In terms of gold, BTC has dropped about 40% over 4 years. If major holders decide to exit, there will be no buyers, and the market will collapse.
• BTC's growth is driven by marketing, ETFs, and hype.

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Watch the debate: https://www.binance.com/en/square/audio/replay?id=32944434973097