I see a huge extended m-pattern in the gold chart.
Do you think Gold will go to 600 $ in a few years,
because of Bitcoin and Ethereum?
Two answers, yes and no. If people are interested in bitcoin or ethereum while holding gold, they will invest in bitcoin. But that is not because of bitcoin or ethereum or other coins. Maybe when gold demand is reduced and people change their investment to bitcoin and ethereum, the gold price can reduce a lot because people lose their interest in gold.