I don't think so. Because bitcoin has different value and gold has different value.  As both are different measure for defining money and for economy.  Both run parallel.  Without intersecting each other.  Bitcoin is a crypto currency which value fluctuates a lot while gold is coming since earlier ages. Earlier gold is used as to made currency while now it is used as ornaments. Bitcoin is famous and increasing in price there are chances that it may replace cash.  But replacement of gold by this is not possible.  The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary.