I agree, but I think paper Bitcoin will be a lot easier to call bullshit on than gold. Like I can just spin up an address in 10 seconds and demand my Bitcoin be sent there. Gold is a lot more cumbersome in meaningful amounts, which is the whole reason we ended up with paper to begin with.

You can't really shuffle paper around to appease a run on Bitcoin as easily. It's either in my address or it isn't (which requires very little effort compared to gold), and I think manipulation will be harder because of that. But I could be wrong. My understanding of that world is limited.