If gold loses its speculative value, you still have a very heavy, extremely conductive, corrosion resistant, malleable metal with substantial cultural importance.
When crypto collapses, you have literally nothing. It is supported entirely and exclusively by its value to speculators who only buy so that they can resell for profit and never intend to use it.
Well, not literally nothing. You have all that lovely carbon you burned to generate meaningless hashes polluting your biosphere for the next century. That part stays around long after crypto collapses.
If gold loses its speculative value, you still have a very heavy, extremely conductive, corrosion resistant, malleable metal with substantial cultural importance.
When crypto collapses, you have literally nothing. It is supported entirely and exclusively by its value to speculators who only buy so that they can resell for profit and never intend to use it.