When that happens Peter Schiff will go so mad! Saying that it makes no sense and that gold is blablalbla!
I do think that the new money will be spread between Bitcoin and Ethereum+protocols, because Bitcoin without Ethereum only works as a store of value and to make transactions, but with renBTC and tBTC, BTC can be used in a wide wide array of financial protocols on Ethereum.
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It will likely flow into both. They are very different and that will be made more and more apparent as time goes on. Bitcoin is a store of value akin to digital gold and ethereum hopes to be the fabric for which the next iteration of the internet is built upon.