Gold is 99% infallible and a very solid investment. This is an asset that has survived and lasted centuries, one cannot go wrong with gold. Bitcoin on the other hand, as exciting as it is, is still fresh and new, and nobody can say for sure what direction it will take. Things could still go pear shaped for all we know, or the opposite could be the case. I think it will do well, but gold is a sure thing. To be safe how about, a 50/50 split.
It looks like true, however bitcoin will provide these features in the next years as well. Remember the people before gold, or in the era that gold existed. None of them could guess that gold is gonna be a dominant economical things on the earth. This can repeat for bitcoin too.
I think it will do well, hedging of gold deposits by currency futures, and Hedging of volatility of crypto-currency bitcoin deposits.