Jack Mallers, CEO of Strike, made a compelling point during a recent debate with Peter Schiff, emphasizing Bitcoin’s ability to achieve transaction finality without reliance on government or central authority.

Mallers argued that gold, while historically valuable, is limited by its dependence on centralized institutions for verification and settlement.

He highlighted that without a government or intermediary, gold cannot complete a transaction, pointing to the critical role of third-party actors in its global exchange process​

Mallers underscored Bitcoin’s decentralized nature, which enables peer-to-peer transactions with full transparency, immutability, and without the need for intermediaries.

By contrast, Peter Schiff advocated for gold, even proposing tokenized gold as a digital alternative, but Mallers maintained that such solutions still rely on central actors, which diminishes their true scalability in the modern economy​.

The debate is central to the broader discussion of how monetary systems will evolve. As Bitcoin adoption grows, proponents like Mallers believe it will eventually outcompete traditional assets like gold due to its technological advantages, including security, divisibility, and borderless transfer​.

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