Could tokenized gold kill Bitcoin?

PaxGold is tokenized gold ... centralized.

Tokenized gold is nothing new... this was what gold cetificates were. It's HIGHLY CENTRILIZED.... Also, you still need to trust the custodians and they could become corrupt and dishonest.

Comparing apples to oranges tbh. Gold and Bitcoin are two different things and the question is not one or the other. Its better to hold a bit of both.

Peter Schiff has been grumbling about Bitcoin for over 10 years. It’s all theatrics—his wife actively buys Bitcoin.

Peter Schiff understands perfectly. His lies are obvious.

1. He knows the whole point of blockchain is to get rid of the third party and the government but he knows blockchain is popular, so he lies and says a gold backed crypto is the future.

2. He knows big government will shutdown a gold backed crypto bank just as easily as they shutdown his own perfectly solvent and perfectly compliant bank.

3. He knew that a spot BTC ETF was extremely bullish but of course he lied about that too.

4. He knows that money has been digital for a long time and it will be forever but he lies and says everybody will return to gold backed money even though he knows gold backed money ALWAYS FAILS.

5. He says the supply of gold always increasing is good because the global population is also increasing.

STRAIGHT into it, I like it. There's no point talking about Peter, he will never change.

Gold is already tokenized on the ICP blockchain. Peter understands the economic problem extremely well. But instead of trying to help others he'd rather deceive people into buying gold to pump his fiat pockets. He doesn't own gold but sells it, and his wife only recently bought some Bitcoin. I can't respect a man that does this to others for their own selfish reason. His solution is a problem that mirrors the exact system that currently exists today. A centralised Ponzi scheme that would have gold painted steel bars in a vault pretending to be real gold. I honestly can't understand how a true Bitcoin advocate can respect Peter because they know better.

Bitter Schiff’s pride is too high to admit he’s wrong about bitcoin.

You should do a debate with Peter schiff. Gold vs Bitcoin

They may try a tokenized Gold product instead of a CBDC...

We already have tokenised gold. It was created way back by Brettonwoods. It morphed into fiat

I thought this Peter pepper guy don’t even invest in gold himself

the gold trader has a margin of 3%-5% of the price gold. That is, if a 1 kg brick costs e.g. 85,000 USD, so you will leave a fee of 3000-4000 USD to the seller in the store. This is what the merchant will give you as his margin in the price of physical gold in the store.... 128 USD for BTC si much better.....

Piter is such a hack, he has been saying same nonsense about gold & Bitcoin for years. He wants to sell gold.

Before I watch this video 🤔 the answer is no because there is not 21 million ounces of gold that will ever exist

YOU PUT OUT KILLER CONTENT RAJAT.. THANK YOU ❤

Answer: No. We tried. That was called fiat/IOUs and it failed because you can’t trust humans.

Tokenized gold already exists. It’s called an ETF.