In a debate hosted by Real Vision's Ash Bennington and recapped by ZeroHedge, Peter Schiff argued that gold remains the foundational reserve asset while Bitcoin fails to meet the definition of money due to its lack of independent commodity utility in industry, jewelry, and electronics. Schiff noted foreign central banks are already shifting reserves from the US dollar into gold over concerns about America's ability to manage its debt without debasement, adding that real rates are set to collapse in a development bullish for gold. Mark Moss countered that physical gold requires trust in intermediaries and governments for custody and transfer, creating counterparty risks that Bitcoin avoids through its digital nature, and projected that Bitcoin could gain meaningful allocations in central bank reserves within 20 years as the world moves toward diversified holdings. The two also differed on political interest in Bitcoin, with Schiff viewing it as lobbying by a motivated group that could fade if prices collapse. Source: https://www.zerohedge.com/markets/schiff-real-rates-are-going-collapse-dollar-confidence-crisis