A live debate between wealth manager Peter Schiff and bitcoin investor Mark Moss is scheduled for tonight at 7:00 PM ET, hosted by Real Vision's Ash Bennington, to be streamed on the ZeroHedge homepage, X feed, and YouTube. The debate comes amid a notable reversal in the behavior of two prominent alternative assets. According to ZeroHedge, since the start of what the outlet describes as 'the war in Iran,' Bitcoin has risen approximately 6% while gold has fallen roughly 13%, briefly entering technical bear market territory. The outlet framed this as a 'regime shift,' noting that Bitcoin had previously traded in a manner resembling a leveraged technology stock, declining on geopolitical uncertainty. Whether this shift reflects trader anticipation of a swift conflict resolution or a structural change in asset dynamics remains an open question among market participants. Zooming out to a year-over-year view, gold remains up approximately 50% while Bitcoin sits around negative 18% at the time of the article's publication, according to the same source. The broader debate centers on whether either asset could realistically challenge the U.S. dollar's status as the global reserve currency. Proponents of Bitcoin point to its ease of transaction and growing institutional adoption, including multiple approved exchange-traded funds with reported assets under management approaching $100 billion. Critics, including Schiff, have long argued that Bitcoin lacks intrinsic utility and value. In a post cited by ZeroHedge dated November 29, 2025, Schiff wrote: 'The biggest mistake I made with Bitcoin when I first learned about it was overestimating the ability of others to understand why it wouldn't work.' The current U.S. administration has been notably supportive of the cryptocurrency sector, with President Trump appointing tech investor David Sacks as a designated crypto and AI policy adviser. The debate also touches on the historical relationship between gold and dollar hegemony, as well as competing frameworks for measuring Bitcoin's performance — including valuing it against gold rather than fiat currency, an approach promoted by Moss in a January 2026 post.