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
The recent ATH of Bitcoin has really changed a lot. Media is another reason taking this news to every Investors from different market. Mainly those who were into trading on stock markets, have turned to Bitcoin and crypto currencies with unusual size of amount. Bitcoin proved everyone that long term investment would yield a huge profit when comparing to gold return. Hence almost the large investors / whales are looking upon Bitcoin.