What do you reckon?, page-20

The gold standard was actually dropped in the 1970’s, and gold does not underpin currency the way it use to. Hence world currencies are inflating and crypto currencies are finding footholds in a somewhat damaged market place. Bitcoin is in fact closer to the gold standard of old, in that it’s more regulated, in a sense.... meaning it won’t be printed/created at the will of governments and reserves.

The banking sector will be interrupted in a big way by crypto currencies like you say, but it will not be due to gold underpinning it. Further to that it is unlikely that bitcoin will become like money anytime soon. It is transactionally to slow to compete against existing currrency in its current form. Bitcoin at present is more like electric gold, and is more like a standard in itself.

The crypto race is on at present and it could be argued that it is between Etherium and Bitcoin, or Beta and VHS if you like . Though in this day and age I would not count on a two horse race.