The DefiantOct 24, 2025, 1:30 PM
Bitcoin Critic Peter Schiff Reveals Plans for Tokenized Gold App, Debit Card
Peter Schiff, well known in the crypto industry as a Bitcoin critic and gold advocate, announced that he’s exploring a new way to make bullion digital — via blockchain. Schiff revealed his plans for a tokenized gold platform during an interview on CounterParty TV posted yesterday, Oct. 23.
The proposed platform includes a debit card that would let users buy, hold, and spend tokenized gold, while keeping the precious metal in vaults. Schiff didn’t miss a chance to critique Bitcoin as he explained his upcoming product in the interview:
“Ideally, the one thing that makes sense to put on a blockchain is gold. Because it will work. And it will do all the things that Bitcoin promises, but can never do. You can use tokenized gold as a medium of exchange, as a unit of account, as a story of value. And I’m probably going to launch my own token at some point.”
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