Crypto News: CZ Denies Trump Ties, But His Bitcoin Moment With Schiff Breaks the Internet

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Binance founder Changpeng Zhao (CZ) addressed several topics during his appearance at the Binance Blockchain Week in Dubai on December 4. He cleared up rumors while also doubling down on his long-standing support for Bitcoin.

CZ said he has “nothing to do with the Trump family,” dismissing online claims linking him to political collaborations. He also added that he has no plan to return to Binance’s daily operations, saying the company and the BNB Chain ecosystem are moving forward strongly without his involvement.

“Holding Bitcoin Beats 99% of Startups,” Says CZ

During the discussion, CZ repeated his belief that simply holding Bitcoin is one of the strongest long-term strategies in the market today. He said Bitcoin continues to outperform most early-stage companies, especially during uncertain economic conditions.

His comments came during a panel that also included well-known gold critic Peter Schiff, who argued that Bitcoin is mainly driven by speculation and does not produce income the way businesses or real estate do. Schiff claimed that Bitcoin’s value depends only on people paying a higher price in the future.

CZ pushed back on this view, pointing to Bitcoin’s fixed supply, global demand and ease of transfer. According to audience reactions shared online, CZ’s responses drew loud support from the crowd, especially when comparing Bitcoin’s performance to gold.

No Return to Binance Leadership

CZ clarified that he does not see the need to step back into Binance’s daily management. He said the company’s leadership team is strong and that the ecosystem is developing quickly, from the BNB Chain to new infrastructure projects.

He also mentioned that he plans to spend more time helping early-stage blockchain and crypto builders innovate, rather than running an exchange.

Viral Moment From Dubai

A clip from Binance Blockchain Week Dubai has been spreading widely across social media. In the video, CZ offers Schiff a gold bar and asks him whether it is authentic. Schiff replies, “I don’t know,” which CZ uses to highlight one of Bitcoin’s biggest strengths: every coin can be verified instantly on the blockchain without guesswork.

CZ then challenges Schiff’s arguments about gold and Bitcoin, stressing that Bitcoin’s scarcity and global accessibility make it a stronger asset. Schiff had little to say in response, and the moment quickly went viral on X, with many calling it a major win for Bitcoin supporters.