I can understand why people would invest in gold. Lets be honest here; Bitcoin is a young currency, and has a extremely volatile market, which is certainly not for the faint of heart. Gold has been used for decades upon decades as a store of value, and that reinforces the belief that its a safe investment, while Bitcoin starts the alarm bells ringing because its relatively young compared to any currency out there. Obviously, Bitcoin has some obvious benefits to investing into it, and that's not solely based on the fact that it has the potential to exponentially increase in price.
actually comparing crypto to physical assets is very useless. no matter how profitable a crypto coin is, there will always be a risk of dumping, missing, not being recognized, wallet hacking, etc. if you don't have the readiness to face that risk, it will be very risky, whatever crypto coins you hold.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
You largely have the same problems with any asset, including physical assets. Physical assets can be stolen, misplaced, and are subject to the potential of becoming less valuable. Gold is probably one of the best assets out there, but it isn't invulnerable from dropping in value. I think we'll see Gold drop more, and more once cryptocurrencies, in particular Bitcoin becomes more adopted by the general public. The world is moving to a digital world after all, in almost all aspects.