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Former CEO of Binance, Changpeng Zhao (CZ), has reignited the Bitcoin versus gold debate. On platform X, he wrote:
"I am not against gold, but it is not a limited supply asset."
In this way, he highlighted a fundamental characteristic of Bitcoin – its limited issuance of 21 million coins, which is crucial for long-term investments. Over the scale of many years, an increasing supply – even minimally – can have a significant impact on the value of an asset.
Zhao's post sparked vibrant discussion in the comments. Bitcoin supporters backed his stance, while gold defenders reminded of its historical role as a "safe haven."
The discussion also included Quinten Francois, an influential entrepreneur and author of books on cryptocurrencies. He published a chart suggesting the supply of Bitcoin and gold over the next few decades. This post was supported by CZ himself.