I don't personally know of anyone who is making this switch.
my girlfriend keeps pushing me to dump some bitcoins for gold. she's just a classic case of noob sentiment. after more than a year of bear market, she thinks bitcoin must be dead and figures i should at least trade for some nice shiny rocks while i still can.
personally, i don't like gold because it's too difficult to transact with.
So tbh, unless there is significant, backed proof of this happening, I'm not buying this story. On the contrary, I'd expect gold investors to look into bitcoin increasingly due to the fact that bitcoin is indeed decentralised and a long term hedge against inflation, and gold investors like this aspect of their investment.
there's a lot of overlap between bitcoin and gold investors. they're both distrustful of government and fiat money and believe in the idea of hard money. what i've found is that gold bugs are very stubborn when it comes to bitcoin---they often act like dinosaurs. bitcoiners are more often open to investing in
whatever's going up at the time.
