Gold's value and BTC's value should be thoughtfully compared

I'll start by saying that I expect BTC's value to increase notably over the next ten years, somewhere between 3x and 10x. I think the ETFs will play a big hand in this rise. In addition, I hold no gold or gold ETF shares and don't really believe in it as a worthwhile store of value or speculative investment.

Despite this, I think people, especially users here with many of us being like-minded, need to be cautious about comparing the increase in gold's value after the gold spot ETF launches with what will happen with BTC's price following the BTC spot ETF launches.

Gold's spot ETFs launching around 2004 predates the massive rise in the smart phone market as well as modern computing in general. Modern electronic demand accounts for around 7.5% of all gold demand. On top of that, jewelry accounts for around 40-50% of gold demand (source: https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2022).

Gold also has a reported "store of value" use case and a hedge against inflation, similar to what supporters of BTC would argue exists for BTC.

My point here being, gold has many real-world use cases beyond BTC's use cases, and the ones that BTC has, gold shares (albeit not identically). I am not advising anyone to invest or not invest in gold or BTC, but merely want to mention that we shouldn't blindly believe the BTC spot ETFs will impact BTC price to the same degree that it is believed gold ETFs did for gold.

Happy to hear opinions on this.