CZ Challenges Gold’s Verifiability: Open Blockchain Systems Offer Transparency

Binance founder Changpeng Zhao (CZ) reignited a debate about gold’s transparency by questioning its verifiability, aligning with long-time critic Peter Schiff. Rising interest in tokenized gold and market uncertainty have contributed to this resurgence. CZ argues that blockchain systems offer instant, public verification, while traditional assets like gold require physical inspection and audits, often lacking the necessary transparency. His comments sparked discussion about the future of both digital and traditional asset ownership amidst rising concerns around financial instability and government debt.