Great, if this continues maybe gold holders will start turning into Bitcoin holders. This is a milestone for bitcoin!
Also, we have established a new ATH and with some luck we won't have a large correction.
Most people buy gold, because they want to diversify and as a safe haven/ for security. Basically keeping their wealth. Bitcoin is a more riskier thing and it is more of an investment.
So they are different. Both have in common, that they are not to easy to buy, but for the average person it will be even harder to get Bitcoin. This could change a bit with the ETF, but you are not holding Bitcoin buying the ETF. But some people also don't buy gold directly, so we will see i guess.
I don't know, it feels not so great when bitcoin has reached another ATH, maybe if this level could last until the end of the month and not fall down below $1000 again.
Yes, they should be buy bitcoin and ride this rally but I don't think gold holders will sell their gold in order to buy bitcoin. I agree that diversify is a good way to divide our wealth, not only gold but buy a Land for your future investment.