This is how money used to die back in the day. What collectables people held onto that just lost their value gradually or all at once. People don't go out of their way to adopt hard money. The people who hold lesser goods just don't survive.
This collection was probably just that though, a hobby.
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Considering how gold doesn't tarnish, this was probably one of its great selling points. You can store it, and it will survive leaks, fire, whatever.
Bitcoin does feel like paper by comparison considering that it isn't the metal that we need to worry about, but the information on it that can become illegible or more concerningly be lifted.
Being virtual makes bitcoin keys super magical, it can teleport, exist in many places at once, expire (with taproot), or disappear. This is super powerful but also super unintuitive as a piece of property.
Just one of the many reasons people find it so intimidating.