Some people call this news a fud. Even if it's true, I don't think we'll see a big movement at the price.
On the other hand, we see that VC funding is increasing even though we face a bearish season. Not surprising, speculation and maybe realization of blockchain potential clicked those VC. I still think people who want to risk a lot will choose crypto instead of gold or any other asset. It's a high-risk high return investment, after all.
yes those people who invest in gold is afraid of lose and they trying to minimize the risk on their investments. Its true that people are starting to invest into gold again and this is happen cause seems like usd is about to going down and also cause crypto and market stock are in bear seasons.