This is incorrect.
First of all, I’m not aware of any historical scenario where we’ve seen a good monetized in such a short time. So predicting how it unfolds is guessing.
I think what happens over the medium term is bitcoin will demonetize gold. It’s superior to gold as a scarce asset. The global gold market is about $9T I believe. So that is a decent target to start with and it’s not a murder mobile situation.
Bigger picture, we are nearing the end of a global debt supercycle. These have typically ended with a reshuffling of the existing financial system. The dollar’s reserve currency status will be at risk. That’s not me wishing for it, it’s just being realistic and aware of historical patterns. Is there a chance that at the time people will opt for a currency that is not dependent on government or central bank control? I think it’s a potential outcome. Erosion in public trust is an ongoing process. Is it likely? Probably not. I don’t have all my eggs in this basket. It’s a hedge.
A reordering of the global financial system will be turbulent but doesn’t have to be a prepper’s dream.