I don't think there is any connection between Bitcoin and gold and these two completely different types of assets and value storages that attract completely different types of investors. I don't think that will ever happen that Bitcoin replaces gold but that is not even the intention. Cryptocurrencies and gold can't be compared and Bitcoin is no competition to gold at all.
I agree with you Bitbunny. Both Gold and Bitcoin are assets, so it should be choice of an investor in which asset he will invest. There is no need to choose one in dispense for the other. On the other side, both are good for investment portfolio diversification. Right?