According to
JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?

Courtesy- Financial Express
It is a fact that many young people do not care about gold or silver. Gold is going to lose its significance as people move to more innovative systems and currencies to fight back against inflation. Bitcoin offers some benefits to users. However, Bitcoin is much more volatile and this creates a barrier for mass adoption. Unless mass adoption happens Bitcoin prices will be volatile as it is now. I hope it will happen soon in 5 or 6 years. As the bitcoin gets extinct the price will go up and at some point, it will not be much more volatile. As many institutions accept Bitcoin and hold their investment in form of Bitcoin, it will play a foundation for Bitcoin. As you can see PayPal has the option to buy crypto but it does not have the option to buy gold. Yes, they can buy through PayPal payment but no gold in the platform. So with the help of such big companies, Bitcoin will capture the share of gold in modern markets.