CZ Responds to Peter Schiff's Recurring Bitcoin Criticism with Ironic Remark

WHY IT MATTERS

This story illustrates an ongoing debate about what gives money or assets their value. Peter Schiff believes gold is the best store of value because it is a physical commodity with thousands of years of history. Bitcoin supporters argue that Bitcoin serves a similar purpose digitally, with a fixed supply of 21 million coins that can never be increased, much like how gold is limited in nature. Think of it like a debate between someone who trusts a traditional bank vault and someone who trusts a digital safe with an unbreakable lock. CZ's joke also touches on a concept called hyperinflation, which is when a country's currency loses its purchasing power rapidly, making prices skyrocket. If a dollar became worthless, then saying Bitcoin is worth zero dollars would be technically true but meaningless, since the dollar itself would have no value either.