We can't ignore both assets. Each have their own advantages/disadvantages. I think for the time-being, BTC and Gold will remain the best stores of value. But as we shift into a digital and cashless society, Bitcoin will ultimately take the reigns as Gold's successor. People's perception of the "yellow metal" as a store of value or long-term investment will diminish. It will be solely used for industrial purposes and jewelry.
The future belongs to intangible assets. Bitcoin, NFTs, and CBDCs are part of this. Gold is not. It only exists in physical form. I'm yet to see if tokenizing Gold would prove to be a success or a failed experiment. BTC has been on a long journey since it's inception. Yet, it has achieved gains at at much faster rate than any other asset on Earth. Who knows what surprises we'll find in the future?
But is a cashless world coming soon? I know that everything is getting digitalized and the world is moving towards the digital age but I don't think we will soon abandon the traditional model that has existed for thousands of years.
If you watched the Fed meeting and what Powell said today, you would see that a world without cash, without gold is not happening anytime soon. The Fed has stated that they have no intention of holding bitcoin or cryptocurrencies, they want to maintain the stability of the world economy by maintaining what is going on in the world. That means they will continue to print USD and will protect USD at all costs . Not to mention , Powell has stated that they have no plans to develop a CBDC.
With all this in mind, a cashless world is not coming anytime soon, and a world where bitcoin surpasses gold or replaces its role is not coming anytime soon either .
https://forkast.news/fed-chair-powell-no-immediate-plans-for-us-cbdc/