Gold is just an asset, Bitcoin is a currency and yes it is accumulated as much as it can BE and stored as an asset hoping it will certainly yield huge profits than gold. If govts accept Bitcoin as an asset and allow it to use everywhere then yes, number of gold investors might focus on Bitcoin.

Speaking from a vast perspective, gold market and crypto market are manipulated simultaneously so that each receive investment equally at one or the other point. We need to look at it very closely.