Last week I saw the crypto market of bitcoin and altcoin all fell dramatically because there was competition in gold trading that made all prices fall, is gold investment more profitable than bitcoin and altcoin which are vulnerable to hacking.
Gold has recently risen in price quite seriously, I think that this is due primarily to the trade wars between China and the United States. Gold is bought primarily by those who previously stored dollars and are afraid of the depreciation of this currency.
That is why I do not think that the decline in the price of Bitcoin and Ethereum is due to the fact that investments from them went into gold.