Calling bitcoin "digital gold" is such an undervaluation for bitcoin. I don't think people realize there will come a time, when everyone in the world will rely on bitcoin, and it will be impossible to make more of.
Time factor + Price variation + High demand (TPH) = Impossible to make more of it.
Sometimes it looks weird seeing people undervaluing bitcoin, though it's just their knowledge and I wouldn't take it as an offense till they get to know the importance of it maybe when it's no longer possible to get more of it.
Demand has to catch up with price, and you are correct that perceived value has to catch up too.
Just because bitcoin has an addressable market and monetary capacities that cause it to be around 1,000x or more valuable than gold, that does not mean that we wake up tomorrow and BTC prices are $900 million per coin. It takes time to get from $100k per coin to $900 million per coin, just as it has taken nearly 16 years for bitcoin to get from $0 to $100k or maybe more realistically (let's not count the first 3 years) nearly 13 years for bitcoin to get from $5 to $100k per coin.
Yes you are very correct!
But Let's consider some factors that surrounds bitcoin currently and the reason for the exponential growth above expected, and if we say it would take time then it's not getting the attention needed and to me which I think as days passes by the more visible and known (more demand increases, more people acquires it) if it took up to nearly 13 years as you said then I would say due to the rapid interest in some institutions and such as blackrock, fidelity and couples with the just elected Us president who is now bitcoin friendly wouldn't take much time for bitcoin to double it's price on a shorter range, do I say we forget about the ETFs as well? No!
All these will sharpen the edge of bitcoin for faster rise above the 13 years past. Maybe in less 5.9 to 6.6 years Bitcoin would gain the price and the attention it never gained since everly created.
To sum it up; the past 16 years was a year of seeking for attention, now it has gained the attention required and it wouldn't take that long for incredible things things to happened. Therefore I am on the hodl lane.