Because gold lets states stay in charge. Governments realized they can’t fully control or confiscate bitcoin at scale from sovereign holders, which threatens their monopoly on money. Even as some nations (like US) build limited Bitcoin reserves from seizures, the vast majority of central banks prefer gold and reject Bitcoin because of it’s uncontrollable nature. Bitcoin challenges their power. It’s adoption as base money continues relentlessly, which in time will fully defund the state. Know what you own and for which reasons.