As for Gold, it won't "die" but it will lose investor appeal. People will no longer consider it as a store of value, but rather a luxury item used solely for jewelry and whatnot. Bitcoin will eventually replace Gold as the world's largest and most trusted store of value. Countries from around the world are already recognizing BTC's potential, so it should only be a matter of time before this happens. With Russia on-board the crypto craze, I wonder if China and North Korea will be next?
I don't know if it will happen or when it will happen, but with what has happened and is happening. I am sure that bitcoin will not be able to surpass gold anytime soon, let alone replace gold and become the world's most trusted store of value.
It is true that many countries around the world have realized the potential of BTC and started adopting it, but that does not mean that they intend or use it to replace gold. All they say about bitcoin is that it has the potential to be like gold, bitcoin is digital gold...no one says it will replace gold in the future. Bitcoin being like gold doesn't mean it can replace gold, we shouldn't mix the two together.