gold has remained pretty stable the last 2 years, whereas it's supposed to be a 'good' hedge for inflation and inflation is already happening and the price of gold remains the same. that's telling you that gold no longer has an insurance policy and is being replaced by something else. meanwhile bitcoin has been going up a lot because it's an actual good inflation hedge due to bitcoin/eth being deflationary currencies. if you read here jp morgan says that bitcoin's bullrun is being driven by inflation and '“Instead, we believe the perception of Bitcoin as a better inflation hedge than gold is the main reason for the current upswing, triggering a shift away from gold ETFs into Bitcoin funds since September.”
theoretically if you held gold instead of bitcoin through inflation the buying power of gold would decrease over time even if the returns are net positive

not to mention gold just sits there and does nothing, while costing more to secure and insure than the value it actually produces. unlike btc and eth, which can generate new value out of thin air

the reason gold was considered safe is because it's supposed to be where people put their money during times of economic crisis or collapse, but that isn't what we're seeing right now. whatever that asset is that people flock to is what will dictate the buying power of other assets. we're entering a new economic paradigm that isn't fully understood or realized yet

believe me, you don't want to be the last person holding precious metals