Gold bugs underestimated inertia and the ability of the fiat system to kick the can down the road. I expect bitcoin and fiat will run parallel for decades to come. They can print infinite fiat. They have a lot of tools to perpetuate the system. Also, people who understand the fiat system tend to be rewarded by it, thus don't want change, and those that don't understand it don't understand why they are getting poorer so they blame everything except the system itself.