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Rachel Wolfson

Peter Schiff says Bitcoin lacks intrinsic value at Binance Blockchain Week 2025 debate in Dubai

At Binance Blockchain Week 2025 in Dubai, American economist and gold advocate Peter Schiff reiterated that Bitcoin lacks intrinsic value and cannot function as sound money, he said in an interview following his gold-versus-Bitcoin debate with Binance founder Changpeng Zhao. He said BTC’s price is driven purely by speculation and has lagged gold over the past four years. Schiff contrasted Bitcoin with gold’s enduring industrial and monetary uses and likened BTC to “cigarettes of money,” arguing it would be worthless if demand vanished.
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