This is hardly true, because most investors understand the principles of bitcoin market development and therefore will continue to hold it and wait for growth. But no one prevents us in parallel to buy some gold. But this is not a complete replacement. This is too different investment.
For me,investors do not totally move to gold and leave bitcoin behind.They know already how volatile bitcoin is so they already expected how the market moves up and down.But i don't think having a gold investment together with bitcoin could be a wrong move.In fact,it could make an investor a more profitable one.![Huh](https://bitcointalk.org/Smileys/default/huh.gif)