Peter Schiff to CZ: ‘Bitcoin Payments? They’re Just Liquidated Bets’

A fiery debate erupted at Binance Blockchain Week in Dubai on December 4, 2025, as gold advocate Peter Schiff squared off against Binance CEO Changpeng Zhao (CZ) over the future of money. The discussion centered on whether Bitcoin or tokenized gold better serves as a store of value, a medium of exchange, and a unit of account in today’s financial ecosystem. Peter Schiff Slams Bitcoin: Payments? They’re Just Liquidated Bets The conversation quickly turned heated as goldbug Peter Schiff questioned the practical utility of Bitcoin for payments. “Bitcoin payments aren’t really payments,” he said source: https://beincrypto.com/peter-schiff-to-cz-bitcoin-gold/