I think the potential threat cryptocurrency holds against the Gold is real but I do not see this having a great impact on the gold market price just yet. Cryptocurrency is becoming more and more as the popular option for storing wealth and assets, and that's a direct competitor to storing this in Gold.

However, crypto isn't yet that widely adopted to have such a great impact on Gold but I do expect that with crypto becoming more and more popular among people storing assets in Gold will not longer be the norm with crypto taking the lead.