No matter how you slice it bitcoin is going to eat gold's lunch. Whether it be that it takes market cap from gold currently, or it just means that investing dollars that would have gone to gold in the future instead go to bitcoin, either way it's going to pull money away from gold.
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Maybe at the margins, but gold and Bitcoin are both comparatively only tiny places for investment money to move to or from. Both are dwarfed by the amounts currently invested in equities, bonds, and derivatives.
Sure, though I am not sure what you are arguing here? Stocks and bitcoin will be much higher over the coming years, gold only marginally. It's been the slowest horse in the race for the last couple decades and will continue to be the slowest horse in the race especially now that bitcoin offers a better alternative in a well diversified portfolio.
Just that the investment money can come from a wide variety of sources. But, yeah, in dollar terms, Bitcoin is likely to far outpace gold over the next decade.
If you're looking at gains, Bitcoin (crypto) is going to outperform everything, so it theoretically eats the lunch of everything. What good is Bitcoin if you run out of food/water? The entire point is self-sustainability and renewable practices. Bitcoin is funding this, so of course Bitcoin will outperform everything it's funding. That doesn't mean it's not worth it to invest in failsafes during a time like this. MIN/MAX strategy fails all the time, however fun it may be to ride the lightning.
It doesn't eat the lunch of everything. It's seen as a store of value and a portfolio hedge by the majority of institutional money that gets involved. It's simply going to eat the lunch of those two categories, and in an investment portfolio gold is the most likely to be impacted.
Also...
In your dystopian future, what good is gold if you run out of food and water? Gold has been a terrible investment for the last several decades and will be even worse in the coming decades. If the dollar continues to be debased you want to own literally anything priced in dollars. Stocks and real estate (among others) will all do much better than gold. You could throw a dart and hit something that will outperform gold over the coming decades.
Gold is only valued where it is because people have believed that it should be. There really isn't much special about gold. Once people stop believe that, mainly because they now have a better alternative, the price will move closer towards it's industrial value, which is significantly lower than it is today.
I see literally almost zero reason to own the slowest horse in the race.
Right... exactly. So decentralized (but not necessarily efficient) systems need to come into play, and that includes physical currency. Including food production, water collection & purification, construction, and other means of production.
There is a reason why SWAT teams have raided citizens at gunpoint for collecting water.
I'm not going to speculate exactly how that all goes down but it's pretty weird.
The entire system needs to change from the ground up.