In a current social media publish, outstanding monetary commentator Peter Schiff predicted that tokenized gold would eat a bitcoin lunch.
The identical applies to US dollar-backed stub cash, as he’s assured that nobody truly wants such a product if there’s a coin representing actual gold.
A monetary mannequin backed by tokenized gold
Schiff's newest remark has introduced that Biosig Applied sciences, a publicly-owned medical know-how firm specializing in visualizing intracardiac alerts, has raised $1.1 billion in funding to construct the Treasury Division with tokenized cash.
Previous to that, the corporate had merged with Solana-based tokenization platform Streamex.
As an alternative of leaping on the red-hot cryptocurrency pattern, the corporate selected to mix gold and tokenization.
Longtime cryptocurrency critic Schiff appears to consider this can turn out to be a much wider pattern.
“It solves all the issues.”
In one other publish, Schiff argues that gold is the “greatest monetary asset” of tokenization.
He argues that tokenized yellow metallic truly improves all of the monetary properties gold has and the dearth of bitcoin. “We clear up all the issues that Bitcoin can't do,” he mentioned.
In accordance with Streamex, tokenized gold has advantages resembling international entry, liquidity, elevated safety, and lowered obstacles.
Nonetheless, some bitcoers criticize the thought of tokenizing gold, as they might be on a central blockchain the place tokens may be manipulated. Moreover, holders are susceptible to counterparty.
“Tokenized Gold” is actually Bitcoin with out the chance of a 3rd counterparty.
– Invoice Printon (@imbillprinton) August 14, 2025
