Can Tokenized Gold Really Compete With Bitcoin?

[madmax]

CZ hands Schiff a bar of gold and is asked to verify it. Source: Binance

Gold advocates argue tokenization solves gold’s portability and divisibility issues. But Bitcoiners counter that wrapping a physical asset on-chain doesn’t remove the underlying problems: centralization, counterparty risk, and costly audits.
As CZ pointed out, digital gold still depends on the issuer — and even experts can’t verify the metal without specialized tools. Bitcoin, meanwhile, remains fully verifiable, borderless, and supply-capped by design.

[Nahid Hossen]

Tokenized gold adds utility, but BTC’s scarcity narrative is stronger.

[Nahid Hossen]

Both assets serve different purposes—competition isn’t always direct.