Is Bitcoin the new gold, or is bullion still king?

I was listening to an interesting podcast discussion today between David McDermott and Michael Engeman (Evolved Leadership Podcast) about tokenized gold and custodial bitcoin cold storage and whether putting bullion on the blockchain actually solves the problem. Some say it combines the best of both worlds—physical gold’s stability with Bitcoin’s portability. Others argue that if you don’t hold the asset yourself, you don’t really own it.

What do you think? Is blockchain-based bullion the future of gold ownership, or does it just add unnecessary middlemen? Would you trust it over self-custody?