Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.

Definitely it can happen because the new generation were believing in bitcoin instead of the old fashion which is gold. Bitcoin is a good asset compare to bitcoin in my opinion though gold is more safety than bitcoin due to its market wherein constantly rising over a period of time. However, both gold and bitcoin has still risk especially from the hacker for bitcoin and for gold are the robbers. No, investment is really safe unless the one doing the investment is good in keeping up the asset.

I am still very cautious to say that Bitcoin is being used as a reserve asset and a safe haven, and even if this is the case, to a minimal extent, it can be explained with the current coronavirus situation.

But what will happen after the crisis?

Because it will have to end sooner or later, although it will take longer for the economic side to do so.
But the question is the same: once the crisis is over, economically speaking, will this tendency to use Bitcoin as a reserve asset remain?
Will people not return to their previous assets? I.e. go back to the gold market or whatever. This is something that is more likely to happen, especially if Bitcoin makes like in January 2018 by doing a royal fall

One thing is for sure, there is a long way to go before Bitcoin eats up the gold market and I don't think that's going to happen anytime soon. Probably in a decade. Anyway, the audience for gold (generally older people) is not the same as the audience for Bitcoin (younger people).

@Josefjix

Mobility is not an argument. You don't bring your gold with you when you go to the supermarket to buy toilet paper. You either store it or sell it, you don't use it as a mean of payment like Bitcoin.
Reserve assets ≠ payment means

More secure than gold is subjective. People can hack your wallet, what will you do? Nothing. On the other side, gold can not be hacked. And if someone stole your gold what will you do? Either you store it at home and you ask your assurance for a refund or store it in a vault and the company has to refund you. Something not possible with Bitcoin.

JPMorgan just saying the naked truth, because this industry just started on a good note and if this continues the world of metals will definitely experience negativity. Institutional investors are just doing their best in investment into Bitcoin and also ie with individual investors in the industry, Bitcoin will eat metals soon.

I don't have even one percent doubt in the article because gold has become old schools and doesn't profit the amount of profit which Bitcoin can provide, at the same time there would be a risk factor in bitcoin about losing on your capital if you panic sell it. Bitcoin might have more market share than Bitcoin in a decade as Bitcoin has been gradually adopted by corps and we will still have people who will follow he traditional method of investing into gold as they don't want risk and happy with lesser profit.

Institutional investment is coming, because they dont want to be left behind!
Grayscale, Fidelity, Microstrategy and Paypal are leading the way and breaking
new ground in so far as "institutional investent" goes.

I'm calling 2021 to be Institutional FOMO!

As wealth transfers to younger generations Gold will be sold for Bitcoin.
The younger generation understand the advantages of Bitcoin.

Gold might be old school but there are far more uses that you can utilize it with than bitcoin, the price of gold might go down but it will always stay relevant, it is a precious metal after all. Not to mention, jewelers will lose their livelihood if the price of gold goes down, so they will do anything in their power to make sure that gold will stay as it is, even if companies are using bitcoin as a reserve, it still is not enough to light a candle near the enormous amount of reserves of countries like US, Britain and other influential nations. Investing in gold though is a different story, I lean more on cryptocurrency because gold is such a bitch when you want to invest in one, you need a lot of papers for your identity just to make sure that you are eligible and you can't even hold the gold, in other words, you have to pay for storage.

A million bitcoins sitting in one disused wallet equates to roughly twenty billion dollars at the moment if the rumours of satoshi's HODLing's are true.  If sold even for half of that price, that would have to take a fair chunk out of the spot gold market.

I think Gold will always have its place as a secure physical store of value- after all it's been used as money since nearly the dawn of time. I do believe it's a good idea to hold both physical Gold and digital Bitcoin, as they both have their own pros and cons & individual uses.

And by the way if anybody's interested in buying some beautifully stunning 24K Gold and Platinum for BTCitcoin at one of the best, if not THE best values in the market- click the top link in my signature and upon sign-up you will even get $5 free towards your first purchase and, if I remember correctly, some money back from your first purchase as well!

I think Gold will be challenged by BTC. Investerors have the choice between 2 great investments. This article about JPMorgan is also interesting: JPMorgan Predicts $600 Billion Worth of Institutional Inflow In Bitcoin