So will the gold bugs start fleeing the ship and buy some BTC?

No way. Gold bugs are all about the physical. Their 40 year scenarios involve a global meltdown and general SYSTEM FAILURE, a "gold" that requires a functioning internet and power system would be laughable to them.
Then they have a perspective that is a bit sketchy... Unless they think that gold settlements can be accomplished without a functioning Internet and power systemperhaps via a convoy of Humvees...
Yes, laughable.
the 40 year global meltdown systemic failure goldbugs hoard bullion!
the hedging against semi-hyperinflation goldbugs are happy with there electronic gold, and there protective puts.
I think a bit of each is nice to have in any portfolio, along with your bitcoin

my views haven't changed. i think gold/silver is a relic of the past and Bitcoin will assume its place as a new standard. i think gold drops to $400.
$400 gold? That would be some payday, aye.