Even if that's true I can understand, not much utility for gold meanwhile BTC is the hottest high performing asset of now.
Always remember gold supply is not finite, like it or not there are so many ways for gold to lose its value in the future with advancement of technology, it only need one asteroid with gold content that's mineable + sufficient space mining tech and gold value will plummet and honestly
we're not really far from that. Some people might call me lunatic for saying this.
The question is when we can create technology good enough and cheap enough to be able to mine gold outside of Earth. According to some reports, there is a lot of gold outside of Earth and scientists have determined that gold exists in abundance on metallic planets like 16 Psyche. But there are also reports that it would cost billions of dollars to mine the gold there, which would only make gold more expensive, not cheaper as you might expect.
You're not crazy to think so, but you're not the first. This hypothesis has been circulated by bitcoin investors for years now but interestingly, nothing has changed, so far. On the contrary, the demand for gold is increasing and causing the price of gold to increase as well. Gold has increased from 11 trillion to 22 trillion in just 4 years from 2021 to 2025, while bitcoin has only increased from 1 trillion to 2 trillion in the same period.