Bitcoin and Gold face Peter Schiff and Willy Woo

Peter Schiff, the man who was swearing that he would never have a bitcoin (BTC), now asks for donations in Satoshis (the smallest account measure of the pioneering digital currency), while Willy Woo, the analyst on the price of BTC states that he could donate funds, although he prefers not to get his hands with gold. And thus begins a story that seems taken from a financial satire.

The truth is that Schiff, one of the most staunch critics of the ecosystem of digital assets, It has only $ 5,000 in its self -domening «Bitcoin strategic reserve». The most curious thing is that not a single penny, nor the slightest fraction of BTC, comes from its own pocket, but everything has been donated.

During the first days of March, Schiff created its «strategic reserve» of Bitcoin, a project that has been promoting sarcastic and provocatively, all with the idea of ​​demonstrating that it can overcome the US government. UU., After it announced a treasure based on the creation of Satoshi Nakamoto.

So with the purpose of storing more bitcoin, Schiff recently said that he would double the value of the donations received. That is, for each amount in BTC that someone donated to his reservation, he would add the same amount of his own pocket, effectively bending the contribution of donors.

However, we must understand the background of this statement, since Schiff has made it clear that he does not believe in the long -term value of Bitcoin; Therefore, it is convinced that its strategic reserve will eventually collapse and its value will reach zero, as reported by cryptootics.

In publications on social networks, Schiff has emphasized that it is not «pleading» for donations and does not plan to sell the bitcoin you receive, but to keep them in the reserve until, in their words, «Bitcoin reaches zero.»

Gold or Bitcoin? A debate without a clear winner

In such a way that when Schiff said that to help build his BTC reservation, he would match all donations of the day, Willy Woo intervened, actually matching his dose of sarcasm with a tempting proposal.

«I was thinking of sending you a 1 kg gold bar in exchange for 1 BTC, since they are now worth almost the same. You would win in the long term, but I would be willing to help you with your neutral budget strategy ».

Willy Woo, the analyst on the price of BTC.

However, Woo quickly discarded the idea, listing The practical inconveniences that would cause him to send a gold bullion. With this he would have to reveal his physical address, take risks of shipping, pay customs taxes and the discomfort of guarding a «piece of metal» for a week until the transaction is confirmed. «Too disadvantage. That someone else does it for you, ”he concluded.

This exchange of messages exposes the opposite positions of both. Schiff, a traditional economist who qualifies Bitcoin as a «bubble,» defends gold as the only safe refuge. For its part, Woo embodies the vision of a new generation that considers the digital currency as a financial revolution, highlighting BTC as a superior asset thanks to its unique characteristicsthe same as Michael Saylor synthesizes in his list of 21 attributes.

For now, the duel between Schiff and Woo does not have a clear winner, but it does reflect a broader division in the financial world. While gold remains a pillar for traditional investors, Bitcoin continues to gain ground as gold for an increasingly digital world.