I think you have taken my comparison way out of context. Gold is just another asset whose value is determined by demand and supply. How do you value gold otherwise? I never said crypto replaces gold, it is an alternative.
BTC has a scarcity and is driven by demand and supply no different to gold and is in the process of proving it offers a value proposition that is decentralised and cannot be devalued. I'm not saying gold is going anywhere soon but I can assure you neither is BTC or any of the established cryptos that operate in an ecosystem that is being proven as viable.
I have no real view on whether BTC or Tesla's MarsCoin will replace the USD as there is way too much debt denominated in USD, but I'm prepared to bet the house that banks that do not adapt to how crypto is shaping the finance landscape will fail
