I don't know if Bitcoin volatility will keep failing but one thing I'm sure of is that Bitcoin can not be like Gold because they are two different asset and they are not in same form. Bitcoin is digital while Gold is a tangible asset which means that Bitcoin can not be move or carried physically from one point to another but Gold can be moved from place to place physically which is why crisis often affect the value unlike Bitcoin.
Bitcoin and gold are different in nature, and that has nothing to do with their price volatility.
Whether an asset is digital or physical, decentralized or centralized, its price and volatility are affected by supply and demand, capital flows, market sentiment, and macroeconomic factor. There are no exception.
The larger the market cap and the higher the liquidity, the lower the volatility tends to be. This applies to all assets, and Bitcoin is no exception.
