Binance founder Changpeng Zhao (CZ) has once againsparked discussion on X over the controversy between gold and Bitcoin, taking a dig at critic Peter Schiff. Diagnosed for his entertaining remarks, CZ pointed out one among gold’s key limitations when when put next with digital property: its verifiability.
CZ Sparks the Fort Knox Dialogue
This comes amid the rising curiosity over the long-delayed audit of Fort Knox’s gold reserves.
One in every of the users questioned “What ever took living to the audit at Fort Knox?”
To this CZ answered announcing “Gold is no longer easy to take a look at”. He also talked about Peter Schiff within the post, taking a jab at him. Peter Schiff is a strong proponent of gold, and has recurrently criticized Bitcoin, calling it “a speculative asset with no intrinsic fee.”
Gold is no longer easy to take a look at, @PeterSchiff 😆
— CZ 🔶 BNB (@cz_binance) November 8, 2025
The US Treasury reportedly holds 261.5 million troy oz of gold, with 147.3 million oz at Fort Knox. Experiences imply that the final paunchy audit of these reserves took living decades ago, main to calls for added transparency.
Verifying Crypto vs Gold
CZ’s remarks tag that, when when put next with gold, cryptocurrencies supply higher verifiability and transparency. Verification of gold is no longer real-time or public. Score entry to is little, audits are uncommon, and files can not be clear.
Nonetheless, cryptocurrencies are built on blockchain abilities, which offers a truly clear, real-time fable of every transaction. This reveals that the verifiability of gold is little, when when put next with the open, traceable nature of digital property.
The Tokenized Gold Debate
Lawful no longer too long ago, Schiff announced plans to originate a tokenized gold product, announcing that gold is splendid to positioned on a blockchain because it would perhaps perhaps bring the benefits that Bitcoin guarantees but can not.
Nonetheless, CZ swiftly pushed wait on announcing that tokenized gold is no longer genuinely “on-chain.” As an substitute, it depends on trusting a third occasion to genuinely reduction and bring the gold. He had also warned that external factors like management adjustments, delays, geopolitical crises, or even wars would perhaps perhaps also affect these holdings.
CZ has also said previously that while gold is treasured, it is miles rarely perfect for on a fashioned basis mumble.
This reveals that while gold has long been a trusted store of fee, its verification and transparency poke within the wait on of as much as the moment digital property.
