Famous Gold PI investment expert Peter Schiff surprisingly went to Bitcoin Conference 2025 to challenge, directly confronting and defending Bitcoin and monetary sovereignty (Monetary Sovereignty) with the free Trace Mayer, the two engaged in a heated debate about the value of Bitcoin.
In this exciting conversation, the two reflected on the history and philosophy of currency and the position of Bitcoin in market order. Trace Mayer believes that fiat currency is dead, while Peter Schiff insists that Bitcoin is a speculative Ponzi scheme and a bubble tulip. Trace Mayer is an early investor in Bitcoin Magazine, Bitpay, and Kraken, and he is also a writer and proponent of Bitcoin education, advocating for achieving human economic freedom( rather than wealth freedom). Below are the key points of the conversation.
Gold PI Showdown! Peter Schiff vs. Trace Mayer: A Clash of Ideas on Bitcoin and the Free Economy
At the Bitcoin Conference 2025, an unexpected scene unfolded as well-known Gold PI investment expert Peter Schiff appeared at the venue to face off against Bitcoin OG and Bitcoin Magazine investor Trace Mayer. The two engaged in a fierce debate about the value of Bitcoin and monetary freedom. This war of words started from the historical roots of currency and led all the way to the philosophical nature of human economic markets. Although their positions were poles apart, they sparked extremely exciting fireworks.
Freedom of currency vs. traditional value reserves
Trace Mayer is an early promoter of Bitcoin. Since the 2008 financial crisis, he has dedicated himself to Bitcoin education, advocating for the realization of a decentralized free economy using Bitcoin. In his talks, he candidly points out that fiat currency is dead, central banks are expanding the money supply without limits, and Bitcoin is a choice to combat this institutional wealth redistribution.
Mayer emphasizes that the scarcity of Bitcoin's supply (21 million coins), verifiability, decentralization, and censorship resistance are the foundations for achieving personal sovereignty and economic freedom in modern society. He believes that Bitcoin is digital gold and represents a technological revolution that responds to the demands of the times.
Peter Schiff's criticism: Bitcoin is a tulip bubble and lacks monetary function.
Peter Schiff completely disagrees with Trace Mayer's remarks, emphasizing that Bitcoin does not possess the three major functions of currency: store of value, medium of exchange, and unit of account. Peter Schiff believes that Bitcoin is virtual, cannot produce anything, has no practical use, and its value comes entirely from market speculation, which is akin to the tulip bubble and Ponzi schemes, where only early investors make money, while latecomers get harvested. Bitcoin's volatility is too high, it lacks hedging properties, and has no intrinsic value. In contrast, gold has been accepted by human civilization for thousands of years, possessing irreplaceable physical value and a foundation of trust.
Can Bitcoin become the modern gold standard?
Trace Mayer disagrees with Peter Schiff's criticism, countering that while gold has physical value, it is difficult to carry and verify, subject to scrutiny and inflexible; Bitcoin, on the other hand, can be transferred instantly around the world, with full transparency and without going through a third party, making it a more modern currency technology. Bitcoin, which can be held and transferred without going through a bank or government, is a revolution in the value of human trust, where humans can trust mathematics without the consent of a central bank.
Peter Schiff strikes back again: hype instead of innovation
According to Peter Schiff, bitcoin is a game driven by market sentiment and leverage. He pointed out that every time bitcoin has failed to play a safe-haven role in the global market crisis, but has fluctuated in tandem with risky assets, which shows that it does not have the attributes of a mature currency, this digital asset fluctuates wildly, is not suitable as any long-term store of value, and investors are only willing to hold it because they feel that they can sell it to others at a high price.
Final debate summary: This is not just about money, but about the choice of freedom.
Trace Mayer concluded by stating that Bitcoin is an experiment against the old financial system. He believes that Bitcoin's open-source spirit, global consensus mechanism, and ability to resist censorship will write a new chapter in the history of human currency. This is not just about money, but about sovereignty and freedom; humanity is creating an inviolable new economic system with code.
Contradictory thoughts inspire the awakening of the market.
The conversation between Peter Schiff and Trace Mayer at the Bitcoin conference is not just a clash of values; it also reminds us that Bitcoin is not merely an investment target, but a profound philosophical reflection on human economic freedom. Whether one chooses to stand on the side of tradition or innovation, it is undeniable that Bitcoin has revolutionized the history of human currency, becoming a symbol of disruptive innovation in the global financial system. Interestingly, the person who invented Bitcoin, Satoshi Nakamoto, remains hidden behind the scenes to this day. Is Bitcoin a manifestation of utopia or merely the ultimate experiment of the end of the century? No one knows.
This article challenges the community? Gold PI investment expert Peter Schiff directly confronts cryptocurrency scholar Trace Mayer, first appearing in Chain News ABMedia.
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Challenge? Gold PI investment expert Peter Schiff goes head-to-head with crypto world scholar Trace Mayer.
Famous Gold PI investment expert Peter Schiff surprisingly went to Bitcoin Conference 2025 to challenge, directly confronting and defending Bitcoin and monetary sovereignty (Monetary Sovereignty) with the free Trace Mayer, the two engaged in a heated debate about the value of Bitcoin.
In this exciting conversation, the two reflected on the history and philosophy of currency and the position of Bitcoin in market order. Trace Mayer believes that fiat currency is dead, while Peter Schiff insists that Bitcoin is a speculative Ponzi scheme and a bubble tulip. Trace Mayer is an early investor in Bitcoin Magazine, Bitpay, and Kraken, and he is also a writer and proponent of Bitcoin education, advocating for achieving human economic freedom( rather than wealth freedom). Below are the key points of the conversation.
Gold PI Showdown! Peter Schiff vs. Trace Mayer: A Clash of Ideas on Bitcoin and the Free Economy
At the Bitcoin Conference 2025, an unexpected scene unfolded as well-known Gold PI investment expert Peter Schiff appeared at the venue to face off against Bitcoin OG and Bitcoin Magazine investor Trace Mayer. The two engaged in a fierce debate about the value of Bitcoin and monetary freedom. This war of words started from the historical roots of currency and led all the way to the philosophical nature of human economic markets. Although their positions were poles apart, they sparked extremely exciting fireworks.
Freedom of currency vs. traditional value reserves
Trace Mayer is an early promoter of Bitcoin. Since the 2008 financial crisis, he has dedicated himself to Bitcoin education, advocating for the realization of a decentralized free economy using Bitcoin. In his talks, he candidly points out that fiat currency is dead, central banks are expanding the money supply without limits, and Bitcoin is a choice to combat this institutional wealth redistribution.
Mayer emphasizes that the scarcity of Bitcoin's supply (21 million coins), verifiability, decentralization, and censorship resistance are the foundations for achieving personal sovereignty and economic freedom in modern society. He believes that Bitcoin is digital gold and represents a technological revolution that responds to the demands of the times.
Peter Schiff's criticism: Bitcoin is a tulip bubble and lacks monetary function.
Peter Schiff completely disagrees with Trace Mayer's remarks, emphasizing that Bitcoin does not possess the three major functions of currency: store of value, medium of exchange, and unit of account. Peter Schiff believes that Bitcoin is virtual, cannot produce anything, has no practical use, and its value comes entirely from market speculation, which is akin to the tulip bubble and Ponzi schemes, where only early investors make money, while latecomers get harvested. Bitcoin's volatility is too high, it lacks hedging properties, and has no intrinsic value. In contrast, gold has been accepted by human civilization for thousands of years, possessing irreplaceable physical value and a foundation of trust.
Can Bitcoin become the modern gold standard?
Trace Mayer disagrees with Peter Schiff's criticism, countering that while gold has physical value, it is difficult to carry and verify, subject to scrutiny and inflexible; Bitcoin, on the other hand, can be transferred instantly around the world, with full transparency and without going through a third party, making it a more modern currency technology. Bitcoin, which can be held and transferred without going through a bank or government, is a revolution in the value of human trust, where humans can trust mathematics without the consent of a central bank.
Peter Schiff strikes back again: hype instead of innovation
According to Peter Schiff, bitcoin is a game driven by market sentiment and leverage. He pointed out that every time bitcoin has failed to play a safe-haven role in the global market crisis, but has fluctuated in tandem with risky assets, which shows that it does not have the attributes of a mature currency, this digital asset fluctuates wildly, is not suitable as any long-term store of value, and investors are only willing to hold it because they feel that they can sell it to others at a high price.
Final debate summary: This is not just about money, but about the choice of freedom.
Trace Mayer concluded by stating that Bitcoin is an experiment against the old financial system. He believes that Bitcoin's open-source spirit, global consensus mechanism, and ability to resist censorship will write a new chapter in the history of human currency. This is not just about money, but about sovereignty and freedom; humanity is creating an inviolable new economic system with code.
Contradictory thoughts inspire the awakening of the market.
The conversation between Peter Schiff and Trace Mayer at the Bitcoin conference is not just a clash of values; it also reminds us that Bitcoin is not merely an investment target, but a profound philosophical reflection on human economic freedom. Whether one chooses to stand on the side of tradition or innovation, it is undeniable that Bitcoin has revolutionized the history of human currency, becoming a symbol of disruptive innovation in the global financial system. Interestingly, the person who invented Bitcoin, Satoshi Nakamoto, remains hidden behind the scenes to this day. Is Bitcoin a manifestation of utopia or merely the ultimate experiment of the end of the century? No one knows.
This article challenges the community? Gold PI investment expert Peter Schiff directly confronts cryptocurrency scholar Trace Mayer, first appearing in Chain News ABMedia.