Counter counterpoint : When the panic comes and everyone runs for the door, crypto hits a bottleneck of conversion to fiat. Gold is easily exchanged for any kind of goods, service or fiat money (WE BUY GOLD!).

You usually pay a 3-5% premium over spot to a reputable coin dealer to buy gold coins, and you are paid spot when you sell them. With Bitcoin, you usually pay 2-4% transaction fees to get your fiat into an exchange, 0.25% fees per trade, and 2-4% transaction fees to get your fiat out of an exchange.

I'm actually a little surprised that local coin shops haven't gotten into the cryptocurrency market.

True, and the illiquidity of gold is part of what makes it a great store of value.

Bitcoin will certainly survive, at least, as a niche alternative for short-term storage (easy transactions) and/or those in physical danger (decentralized and without a physical existence).