Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items.
Replace in terms of economic value? Might be or not.
BTC increasing like hell, but its not enough justifying it could replace gold. Yes people tend to shift to digital and this was realized in the times of covid19, however physical gold still holds a value amongt all country while cryptocurrency only matter on few(yet).
Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice.
I must say
BTC is more convenient and literally you can spend it on but only few accept this digital currency compared to gold right. Maybe give or take a few more years, but the idea isnt possible to happen as everything evolves as we go forward.