Previous market conditions are not predicative of the future in any way.
First we must get past $3k.
To convince people to change from physical assets to a digital one, that is surrounded by controversy and news stories about hacking and such is a pretty hard sell. Although if only 5% of the current holdings in gold where transfered to BTC it is true we would see a ralley like you expect. Question is, would you put 5 million in bitcoin if you had it, or gold in a vault?