A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise.
Source: https://cointelegraph.com/news/goldman-sachs-gold-will-hit-2-300-by-2022-what-about-bitcoin
Goldman Sachs: Gold Will Hit $2,300 by 2022. What About Bitcoin?
August 3, 2020
CoinTelegraph