No worry, it won't, and doesn't need to. Bitcoin is definitely part of a new asset class, but not in such a way that it replaces gold. I however do think that where traditionally gold is being used as hedge, people have now another option to go for, and that's Bitcoin. I don't understand why people think it's necessary for Bitcoin to replace financial institutions, gold, etc. Everything can function alongside each other without any problems. Main point of importance is the fact that with gold, you for sure know that it will stay as it is for many more decades, which at this point in time can't be said about any crypto currency. Let's wait 10 years to see where crypto stands, and then see how everything has played out.