Just few time for investing moving their asset from bitcoin investment to the gold investment, when bitcoin raised to higher price they will move again asset from gold become bitcoin investment for holding at the future.
Lets be practical about it. The feasibility of getting a certain investment like bitcoin to gold and then holding gold till bitcoin drops again to buy back or the reverse order is going to be a tough call because of legal problems with Bitcoin and less liquid volumes for you to trade with. The concept came for the stock markets hedging one set of assets to another group of assets but extrapolating that to crypto is not possible in this current scenario with low adoption
I'm not sure either if the whole idea makes any sense
I mean from an investment point of view as it doesn't look to me a worthy idea at all. However, technically speaking, you don't have to convert your bitcoins to gold directly and vice versa. You may just sell bitcoins and buy gold but you don't necessarily have to buy the latter with the proceeds from the former (if that was your point, of course)
In other words, you would essentially go with two independent investments but you can line them up in such a way that would effectively count as moving from Bitcoin to gold and from gold to Bitcoin