Changpeng Zhao (CZ) will represent team Bitcoin when he debates Peter Schiff. Key Takeaways Changpeng Zhao (CZ) and Peter Schiff will debate the case for Bitcoin vs. tokenized gold. Binance founder CZ is a committed Bitcoin maximalist. After years of advocating for gold investments, Schiff now supports tokenizing the asset. Bitcoin and tokenized gold are both pitched as a store of value that can shelter investors from inflation and political risk in an uncertain world. However, advocates of the tw ...

Help me with some arguments? 👇😂Binance (@binance):It’s happening at #BinanceBlockchainWeek!The big debate you’ve been waiting for: BTC vs Tokenized Gold - who will win the crown? https://t.co/eeK6Cxx4Q4 ...

Binance founder Changpeng ‘CZ’ Zhao has come at popular Bitcoin (BTC) critic Peter Schiff with a strong argument against gold. In a November 8 post on X, the crypto pioneer stated plainly that the traditional metal asset is “difficult to verify.” His statement comes as questions arose on X about the stalled 2025 Fort Knox audit push. What Happened to the Fort Knox Gold Audit? There appear to be discussions regarding the verifiability of gold reserves in comparison to the transparency of digital assets li ...

Core Viewpoint - A debate has arisen in the crypto community regarding the legitimacy of tokenized gold, with Binance founder Changpeng Zhao criticizing its true integration on the blockchain, while gold advocate Peter Schiff promotes a new blockchain-based tokenized gold platform [1][4]. Market Activity - Gold's recent rally in traditional markets has increased interest in its tokenized versions within the crypto space [2]. - The combined market capitalization of gold-backed digital assets surpassed $3 billion on October 7 and is currently over $3.75 billion [5]. - Trading volume for tokenized gold assets reached $640 million in 24 hours, driven by investor interest amid U.S. government shutdown and global economic uncertainty [7]. Tokenization Insights - Tokenized commodities, particularly gold, now represent over $3.5 billion of the total real-world asset (RWA) tokenization value, marking a 36% increase in the last month [8]. - Tether Gold (XAUT) and PAX Gold (PAXG) are leading the market, with market capitalizations of approximately $2.1 billion and $1.3 billion, respectively [8][6]. Platform Development - Peter Schiff's upcoming platform, Shift Gold, aims to allow users to buy gold through an app, store it in vaults, and transfer ownership digitally or redeem it for physical gold, promoting it as a stable digital asset [3].

Core Insights - Gold has outperformed Bitcoin as a reserve asset, reaching new highs above $4,350 per ounce and achieving a valuation of $30 trillion, surpassing Nvidia by $25 trillion [1][2][3] - Bitcoin's price has decreased by 3% today, falling below $108,000, amid renewed U.S.-China trade tensions [1][5] - The demand for gold is at an all-time high, with a 60% increase in value in 2025, while Bitcoin faces selling pressure due to macroeconomic uncertainties [2][3] Gold's Performance - Gold has added over $11 trillion in value this year, reinforcing its status as a safe-haven asset during global economic uncertainty [3] - The current trading price of gold is $4,358 per ounce, reflecting strong demand [2] Bitcoin's Challenges - The imposition of 100% tariffs on China has negatively impacted Bitcoin and the broader crypto market, leading to a decline in prices [4][5] - Bitcoin has experienced a 13% drop so far this month, with potential for a further 30% correction, which could bring prices down to $90,000 [6] Market Dynamics - On-chain data indicates a decline in exchange reserves and an increase in stablecoin liquidity, which historically precedes late-month surges in Bitcoin prices [7]

Core Insights - Gold-linked digital assets are experiencing significant growth as gold prices exceed $4,370 per ounce, leading to the launch of new blockchain-based products that transform gold into on-chain financial instruments [1] - The tokenized gold sector has rapidly expanded in 2025, with total capitalization nearing $3.4 billion, a substantial increase from $500 million earlier this year, driven by institutional demand for stable, asset-backed instruments [2] - Tether has introduced XAUT0, an omnichain gold token, which links Solana to Tether's $175 billion cross-chain liquidity base, allowing each token to represent a fraction of a troy ounce of physical gold held in audited vaults [3] Market Dynamics - Over 7,300 XAUT0 tokens are currently in circulation, processing more than $25 billion in total bridge volume, indicating robust market activity [4] - Daily trading in tokenized gold has surpassed $600 million, reflecting strong demand for physical bullion [6] - Analysts highlight that tokenized gold serves as a bridge between traditional finance and digital liquidity, with tokens settling instantly and integrating into decentralized finance platforms [7] Price Performance - PAX Gold (PAXG) is trading around $4,413, having surged more than 65% year-over-year, while Tether Gold (XAUT) is priced near $4,360, gaining 63% [7] - The combined market capitalization of PAXG and XAUT is approaching $3.0 billion, showcasing the shift of physical value stores onto blockchains [7]

Core Viewpoint - Bitcoin is considered "severely undervalued" compared to gold, with potential to reach $1.3 million if it matches gold's market capitalization [1][2]. Group 1: Bitcoin Valuation and Market Dynamics - Bitcoin reached a new all-time high above $126,000 on October 7, while tokenized gold assets surpassed a $3 billion market cap for the first time [2][6]. - The utility of Bitcoin as a neutral settlement asset for global payments is not reflected in its current valuations [2][3]. - Major financial institutions are increasingly adopting Bitcoin through exchange-traded funds, indicating a shift towards mainstream acceptance [4]. Group 2: Company Insights and Operations - Lightspark specializes in technologies built on Bitcoin's Lightning Network, enabling faster and cheaper cross-border payments [5]. - The company has successfully facilitated peso transfers to Mexico at lower costs than traditional remittance services, showcasing Bitcoin's practical applications [5]. - Lightspark's entry into Bitcoin during the previous bear market provided an advantageous cost basis as the asset has appreciated nearly 100% over the past year [4].

Core Insights - RAAC is partnering with I-ON Digital Corp. to provide $200 million of tokenized gold for on-chain investment opportunities, positioning itself among the top 15 RWA protocols in DeFi by total value locked (TVL) [1][2] Group 1: Partnership and Investment - I-ON Digital will introduce its gold-backed digital asset ION.au into RAAC's ecosystem, starting with an initial investment of $200 million [2] - RAAC plans to launch pmUSD, a stablecoin partially collateralized by ION.au, aimed at decentralized investment strategies [2] Group 2: Investment Opportunities - Investment strategies will include structured yield opportunities across tokenized assets such as gold and other precious metals, as well as real estate, utilizing mechanisms like auto-compounding DeFi vaults and gold-backed lending markets [3] Group 3: Institutional Support and Validation - RAAC is a Chainlink Build Project and is backed by Chainlink proof-of-reserves, ensuring trustless validation for institutional partners [4] - The partnership with I-ON includes an investment of up to $1 million in RAAC as part of the newly formed RWA Federation, which will guide the development of RAAC's RWA open finance ecosystem [6] Group 4: Vision and Future Outlook - The collaboration is seen as a significant step towards integrating physical assets into decentralized finance, aiming to create steady, income-bearing investments in DeFi [5] - I-ON Digital's CEO emphasized the commitment to transforming decentralized finance through the tokenization of real-world assets and the introduction of asset-backed stablecoins [7] Group 5: Community Engagement - RAAC recently launched its genesis NFT collection, RAAC Bots, which was minted in under 10 seconds and has attracted a community holding over $30 million in on-chain capital [8] Group 6: Accessibility - RAAC is currently in testnet and is available to non-US persons, indicating a focus on global accessibility in the RWA economy [9]

Tokenization of Assets - The world possesses a substantial amount of assets that are yet to be tokenized on public blockchains [1] - Approximately $22 亿 (2.2 billion) worth of tokenized gold exists on Ethereum [1]

RWA & DeFi Integration - Tokenized Gold (Tether's XAUT) 将被引入 Aave 平台 [1] - 用户将能够通过持有 Tether 的 XAUT 赚取收益，并可以将其作为抵押品进行借贷 [1] - 随着 RWA（Real World Assets，现实世界资产）的兴起，用户将不再需要将资产转移到链下 [1] - 主要指数、EUR/JPY 等稳定币以及黄金等大宗商品将提供足够的链上多元化选择 [1] Market Trend - 行业观察到上个周期中，唯一的退出方式是将资产出售为美元稳定币（以及法币）[1] - RWA 的发展将改变这一现状，允许用户在链上进行更多操作 [1]