Bitcoin's isn't going up for the same reason as gold, it's going up for the same reason as GameStop. Investors buy gold as a safe haven/store of value. Speculators buy Bitcoin and GameStop, despite a lack of real value, to profit from the greed and ignorance of greater fools. The only people who will walk away with any real winnings from the GameStop short-squeeze will be those smart enough to sell. Those who HODL will likely loose it all. Bitcoin HODLers will meet the same fate if they fail to realize their paper profits.
ye its miss spelling of holding basically. Also used as hold on for dear life. some dude on reddit started it making like a drunk rant and he used hodling instead of holding so it became like crypto slang for memes