Peter Schiff is now unknowongly admitting #bitcoin is better than #gold in porta

Peter Schiff is now unknowongly admitting #bitcoin is better than #gold in portability and acceptability by touting "tokenized gold." But he's neglecting that (a) you cannot verify that the gold behind the token is actually pure 24k so you must trust that it is, (b) you must trust that the token is actually backed by it, (c) the gold does not physically move when "transferred" but stays where it is, and (d) whomever physically holds that gold can have it physically locked down or seized.

Gold is great, of course, but has these weaknesses above. He's learning that bitcoin improves upon, or flat out solves, them all.

https://x.com/i/status/2079905594618609884

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