Peter Schiff Launches Tokenized Gold Project 🪙

Gold advocate Peter Schiff is entering the blockchain space with "Tgold" - a tokenized gold platform that aims to revolutionize how we use precious metals in the digital age.

What's Being Built:

Mobile app for buying, holding & transferring vaulted gold

Debit card for spending your gold tokens

Ability to redeem tokens for physical gold

Blockchain-based ownership transfers

The Vision:

Schiff believes tokenized gold can achieve what Bitcoin promises - serving as a real medium of exchange, unit of account, and store of value - but backed by physical assets in secure vaults.

The Controversy:

The project has sparked debate in the crypto community. Binance founder CZ argues that tokenized gold relies on custodial trust and third-party promises rather than true on-chain ownership - calling it a "trust me bro" token.

Market Context:

The tokenized gold sector is already worth $3.8B+, with Tether Gold and PAX Gold leading the market.

Big Event: Schiff is set to debate CZ in Dubai (Dec 3-4) on Bitcoin vs. Tokenized Gold, with the token launch expected around the same time.

Will tokenized gold bridge the gap between traditional finance and crypto, or is it just old wine in new bottles?

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