Ripple CTO Weighs In on Bitcoin: Can It Be Replicated?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Ripple CTO David Schwartz has weighed in on the ongoing discussion in the market regarding Bitcoin. Advertisement Reactions were triggered across the crypto community when Binance founder Changpeng "CZ" Zhao and one of Bitcoin's most vocal critics, Peter Schiff, engaged in a Bitcoin versus gold debate at the recently concluded Binance Blockchain Week in Dubai, UAE. The debate reached its high point when Zhao pulled out a gold bar and asked Schiff to verify if it was real. Schiff answered in the negative: "I don’t know," as he would be unable to verify it without having extra tools. HOT Stories Crypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is Possible Ethereum’s Buterin Advocates for Stronger Crypto XRP Hits Astonishing 1,694,200% Liquidation Imbalance, Vitalik Buterin Breaks Silence on Ethereum Outage, $185 Million in Bitcoin Exits Binance in Minutes – Crypto News Digest Morning Crypto Report: Elon Musk's SpaceX Relocates $100 Million in Bitcoin, USD Stablecoin $1 Million Exploit, New Cloudflare Outage Takes Down Coinbase The London Bullion Market Association confirms there is only one method to verify gold with 100% certainty, which is fire assaying. Advertisement Zhao seized the moment to push the point that Bitcoin transactions are verified instantly, on the blockchain, while gold still struggles with basic authentication. Joining the discussion stemming from this specific incident, an X user asked how long it would take to replicate Bitcoin. "Create a new one, exactly the same. How much would it cost?" the X user inquired. How could it both be new and exactly the same? And how would the existence of replicas of bitcoin affect bitcoin? — David 'JoelKatz' Schwartz (@JoelKatz) December 5, 2025 Schwartz , waving aside this assumption, asked: "How could it both be new and exactly the same? And how would the existence of replicas of bitcoin affect bitcoin?" 1 BTC = 1 BTC The "BTC = 1 BTC" slogan remains a well-used phrase in the crypto market. The "1 BTC = 1 BTC" corrects the notion that when the price of Bitcoin goes down, it loses its value. This price reduction is, however, only in terms of its relationship to fiat currency. In reality, one Bitcoin is still equal to one Bitcoin. This knocks out the speculation of Bitcoin replicas, given that there are only 21 million Bitcoin (BTC) to be mined in total. The fixed supply of Bitcoin means that there will only ever be 21 million coins in circulation. As of press time, Bitcoin's total supply is 19,957,806 BTC with 1,042,194 coins left to be mined out of the fixed 21 million supply. #Bitcoin