Core Argument - A debate at Binance Blockchain Week in Dubai highlighted differing views on whether Bitcoin or tokenized gold is a better store of value and medium of exchange in the current financial ecosystem [1] Group 1: Bitcoin as a Payment Method - Peter Schiff criticized Bitcoin's utility for payments, claiming that transactions are merely speculative moves as users convert Bitcoin to fiat rather than spending it directly [2] - Changpeng Zhao (CZ) countered that Bitcoin can function effectively for payments through crypto cards, where users can swipe and merchants receive their preferred currency [3] - CZ emphasized that intermediaries simplify the conversion process, providing unique advantages for Bitcoin due to its digital nature and growing adoption [4] Group 2: Speculative Nature of Bitcoin - Schiff argued that Bitcoin's value is determined solely by what the next buyer is willing to pay, contrasting it with traditional assets that generate income [5] - CZ responded by asserting that Bitcoin has established itself as a long-term asset, attracting a diverse range of developers, investors, and institutions, and that speculation is just one aspect of its ecosystem [5]