It is dead until it is undead. If you don't know the history of gold, you'd better learn it. Then you would know when gold turns into a great investment, when you start to bless the stars for saving your wealth as gold. Whenever there is an expectation of future dollar devaluation, gold soars massively. And note that it is not required for the dollar to actually devalue, it is enough for people just to expect something like that in the near future. Now imagine what is going to happen to the price of gold if even some of these expectations turn true.

If you think that Bitcoin in these conditions and under such circumstances will soar too, then more power to you. Iit could be said with a good degree of certainty that it will behave more like stocks. Stocks and gold are typically well correlated. I mean, in the negative way, of course. Bitcoin is for speculation, but all speculation dies if situation becomes really dire.