You are quite distracted if you believe that crypto currencies are offering anything of meaning as a competitor to gold. Perhaps if you replace your use of the term "cryptocurrencies" with "bitcoin", then you might be able to get yourself on a better track, to the extent that you understand the difference between bitcoin and crypto. Your choice to use the term crypto tends to show that you may well not really understand what bitcoin is.
Your correct @JayjuanGee, my postulation was in the respect of the caption as stipulated by the OP where I think he was referring to crypto with the inclusion of Bitcoin as part of it, so there was no room for specifics but however my assertion as regards to cryptocurrency growth will basically always be ascribed to bitcoin.
Personally, I believe that it is much better to use the term bitcoin, if you are referring to bitcoin, even if some predecessor had incorrectly led with ambiguity. Sure there might be some times where the term bitcoin and crypto can be used simultaneously or the term crypto can be used to speak more broadly beyond bitcoin, yet so many times, the term crypto is used in ambiguous and/or misleading ways and even sometimes there seems to be a kind of affinity scam going on to equate shitcoins with bitcoin or to imply some kind of a relationship in order to pump some shitcoin or to denigrate bitcoin. If nothing else, at least your reader is more likely to understand what you are talking about if you are at least trying to use the term bitcoin when you are talking about bitcoin, and then to clarify the extent to which you are talking about various shitcoins in the event that you chose to use the term crypto.
I have a hard time imagining any shitcoins being close to competing with gold, especially since so many of them are highly correlated to bitcoin's performance and would hardly be able to survive if bitcoin were to cease to exist.
Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.
I wish you can share the source of this information because this is either a poor speculationnor a lie, that's my take on it. If Banks are selling their Gold to buy crypto, we would have seen heavy demand on Bitcoin in particular or even broke the all time high by now but there is no claim of Bitcoin reducing from any centralized exchange, in addition Gold has just reach its all time high some months ago, only retail buyers can't move the historic price of Gold to a new all time high.
It possible that some Banks are buying Bitcoin but selling Gold? No or perhaps there is a particular Bank that sold the Gold reserve to buy crypto buy not Banks. If federal reserve are selling and buying crypto or buy Bitcoin since the president believes in crypto, then others might consider but if they don't, then everything becomes speculation and not really the thing happening behind the scene of the banking system.
Your post is very confusing Antotena. I see bitcoin prices going up in the past year, and sure Gold prices have been going up too, but it seems that bitcoin's price relative to gold (referring to the market caps) is continuing to go up, even though, sure, gold is showing some recent signs of life, but if we zoom all the way back to 2012, we should be able to appreciate that gold might have had gone up 3x or so in term of it's dollar price, yet bitcoin has gone up around 20,000x..so if you are not recognizing a wee bit of a trend, and you are merely getting caught up upon recent times (like the last 6 months) then you are likely getting distracted by noise rather than being able to recognize/appreciate the real trend..
...and yeah, sure maybe bitcoin has a bit of a disadvantage based on its being a new asset in the early stages of it exponential s-curve adoption, but at the same time, I doubt that it is reasonable to be either discounting the trend over the past 10-13 years and to merely be getting caught up upon very recent happenings, since the whole gold market (as compared with the bitcoin market) is comprised of individuals, institutions and governments, and sure there may well be one segment that is demanding more than the other, but in the end all three of those segments of the market add up in regards to the demand that is placed on gold and/or bitcoin.