BitCoin is not hurting Gold because Gold has performed as expected. It has performed inline with its fundamentals and the direction of real yields (ex 4-6 weeks recently). Bitcoin is a combination of a currency and technology stock.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.