I wonder who hodls gold like that nowadays.. Bitcoin is just better on all fronts, and it can be used for much more than gold, that's what makes it better for a common retailer interested in making a difference for himself.
Many people actually buy gold even though it reach ATH.Not only baby boomers, young generation like Gen Z also buy gold because they choose to diversify their money. Muslims also buy it because many of them think Bitcoin is haram, hence they only choose tangible asset.
I need to agree with the fact that people (especially older ones) still buy gold because it's what was tested with time and effort most of them all, but.. I still do think that if a person wants to diversify, he probably will be able to find something good in the crypto space too
