Do you think this would make Bitcoin more precious than a metric ton of gold, especially considering it cannot be confiscated and travels at the speed of light?
Lol! Your statement doesn't make any sense! Gold and bitcoin are inherently different asset class and must not be compared to each other. Bitcoin has a different group of takers which is very different than gold.
It may be possible that bitcoin may break the price barrier of Gold, but that doesn't prove anything. Bitcoin is an investment asset for the high risk profile investors and for gold, it is usually the risk averse people. Both are very different and it doesn't mean anything at all if bitcoin's price suppress the price of gold.