BTC was designed to be the gold standard, thus this is the only forward motion, and now there are no gold reserve's left, at least in the financial sector, Bitcoin can only act as the true decentralized 'gold' standard. Look back through Satoshi's notes for more insight...

Bitcoin would be digital currency and gold would be the know one of the most precious thing that this world has.
So if we compare this two, it's useless knowing that bitcoin can be higher value and it would be valuable for us but gold is gold like time its more precious. I can say that it can reach the value but it can't replace because gold is in there at everywhere we seeked in for.

asset is only valuable if other people are willing to trade it in return for goods, services, or other assets.

Gold is one of the most liquid assets in existence. You can convert it into cash on the spot, and its value is not bound by national borders. Gold is gold—anywhere you travel in the world, you can exchange gold for whatever the local currency is.

The same cannot be said about cryptocurrencies. While they’re being accepted in more and more places, broad, mainstream acceptance is still a long way off.
Nothing can replace gold.

I think the bitcoin and gold will not replace each other. Bitcoin and gold are two different things.
Bitcoin is an investment instrument because of its fluctuating price. Uncertainty and price fluctuations Bitcoin becomes an interesting point for investors. Although Bitcoin prices may drop sharply, prices can also soar despite the trend every year Bitcoin has tended to be positive. No one can know for sure whether Bitcoin's performance will be more positive every year, or even dropped down someday. While gold is an investment choice if you want to retain the value of the asset. The value of gold is basically not down and will tend to be more valuable each year. This is because gold has limited or limited properties. The amount of gold in the world is scarce and not easy to dredge, making the value of gold remains valuable. Goods that can be obtained from the value of 1 gram of gold at this time will not be much different from what will be obtained in the future. Gold is seen as a good medium as a protector of wealth.

Bitcoin gold will not replace, but it will be its excellent alternative. Although he already is. Gold is an investment that has been tested for centuries and still the fund of each country will be measured by the gold reserve.

Bitcoin is very promising both as a crypto currency and as an investment. And now it is significantly ahead of gold, its price is growing much more dynamically. However, gold will always remain a classic, and for reliability people will invest in it too.

My parents insisted that part of my fund be in gold. In the beginning, I resisted, but eventually realized that it was reasonable. We can not be 100% confident in bitcoin, as compared to gold it is not stable. And gold will be relevant even if there is a global Internet shutdown.

Full replacement of gold is unlikely to happen, since it has a very reliable reputation and there will remain many conservative people who prefer the ultra-modern bitcoin to old good gold. But no one forces us to choose one of the two, we may well use bitcoin as an alternative to investment.

If we talk about investment, they certainly bitcoin has already replaced gold, because bitcoin is providing more opportunities to people to make money from bitcoin investment as compare to gold which have a very stable price and we can only see a very slight change in the price of gold. but i think those people who use Gold for saving purposes only or for making jewelery then it has more importance and in such condition bitcoin cannot replace gold.

I think bitcoin will conquer high volume in the trade of gold but, to be honest don't think that it will actually replace the gold in any way market is not just limited to the digital trades but there is colossal offline demand too which affects the price of it subsequent to the verify of demand and supply. however , once its comes to trading i think bitcoin is bigger than gold at this stage because volatility in the price provides moro opportunities for the traders as compared to the secret behavior.