In a latest social media submit, outstanding monetary commentator Peter Schiff predicted that tokenized gold will find yourself consuming Bitcoin’s lunch.
The identical applies to U.S. dollar-backed stablecoins since he’s satisfied that nobody will really need such merchandise when there’s a coin that represents actual gold.
Treasury mannequin backed by tokenized gold
Schiff’s most up-to-date remark comes after BioSig Applied sciences, a publicly traded medical expertise firm that makes a speciality of intracardiac sign visualization, introduced that it had raised $1.1 billion in funding to construct a treasury with tokenized gold.
Previous to that, the corporate merged with Solana-based tokenization platform Streamex.
As a substitute of leaping on the red-hot crypto treasury development, the corporate selected to mix gold with tokenization.
Schiff, a longtime cryptocurrency critic, seems to imagine that this will probably be a much wider development.
“It solves all the issues”
In one other submit, Schiff claims that gold is “the very best financial asset” for tokenization.
He argues that tokenized yellow steel truly improves on all of the financial traits that gold has and Bitcoin lacks. “It solves all the issues that Bitcoin cannot,” he stated.
Tokenized gold has such benefits as international entry, liquidity, elevated safety, and decrease boundaries, in response to Streamex.
Nevertheless, some Bitcoiners have criticized the concept of getting tokenized gold for the reason that token is likely to be on a centralized blockchain that may be manipulated. Furthermore, holders are uncovered to counterparty dangers.
“Tokenised gold” is actually Bitcoin with out all of the third / counterparty threat.
— Invoice Printon (@ImBillPrinton) August 14, 2025
