Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.
Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
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HODL
Going through your coment I found out a thread created in regards to this Which says
When will Bitcoin catch up with Gold in capitalization?But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula
Price of coin × total supply = market cap for example if 1
BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1
BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.
Taking at a look on the market cap. of Gold, which is $17.0 trillion, and the market cap. of bitcoin as stated by @Wind_FURY to be $1.90 trillion, your mathematical calculations are wrong @Samlucky O, because your calculation of bitcoin price reaching $550k - $600k ONLY amounted to $11.5 trillion to $12.6 trillion as stated by you which is not anywhere close to Gold.
My bone of contention is not about making any comparison between bitcoin or Gold because if we take a look at the time when Gold was introduced, and the time bitcoin was introduced you can see that the growth of bitcoin has outperform Gold just within 15 years of Bitcoin's invention, so if we are to have a picture of what bitcoin will become in respect to Gold by this time in the future you will understand that bitcoin will surely become the superior asset here.