[Peter Schiff: Tokenized Gold Transfers Physical Ownership, Bitcoin Only Updates a Record] Foresight News live report: During the 'Bitcoin vs. Tokenized Gold' debate between Changpeng Zhao and Peter Schiff, Peter Schiff stated that Bitcoin's on-chain transfer is merely an 'update of a record' and does not convey any physical asset or property rights. In contrast, the on-chain transfer of tokenized gold represents the actual ownership of physical gold stored in vaults, making its value source clear and verifiable. He pointed out that gold's value foundation comes from its unique physical properties, industrial uses, demand from central bank reserves, and durability spanning thousands of years—gold mined in ancient times remains unchanged to this day. This makes it one of the few assets capable of maintaining purchasing power over hundreds or even thousands of years. Even if gold can be tokenized, becoming more divisible and easier to circulate, its value is still supported by the physical gold itself, rather than by confidence or sentiment.