I myself do not understand whether this is nonsense or indeed true. but in my opinion, not all investors will move to gold for reasons of liquidity and value storage, there may be some people who think that way, but in my opinion only a minority. very reasonable if they have the thought of moving to gold with the current situation. maybe some people think that gold has no risk compared to cryptocurrency at this time. maybe all of that is fairness.
This is just a pure speculation and there is nothing to back this statement, people invest in gold all the time and it is not a new thing, but how can they calculate that people who invested in bitcoin are moving away from this market and investing in gold, it is just an assumption and nothing else, the bitcoin market is down but that does not mean that people are moving away and investing elsewhere. The risk factor is an important aspect, gold is a safe investment without much downward movement but that cannot be said about any other market.
This doesn't even count as an assumption
I'd rather say it is pure speculation (even a conjecture of sorts). How come? There is simple logic why it is highly unlikely (i.e. people moving from Bitcoin to gold). Gold and Bitcoin lie at the two opposite ends of the investment "stick" (or stack), so to speak. Gold is for those who want to preserve their wealth, while Bitcoin is for those who want to multiply it fast ("get rich quick")
In simple terms, there is no way there can be a direct transition en masse between the two as there are many intermediate stages in between (like stocks, bonds, currencies, etc), which are less volatile than Bitcoin but still not quite on par with gold. So you would actually expect people to use these assets before moving to gold in the end
