BTC value

Help me understand the digital gold argument and value narrative of BTC.

I don't understand the "limited coins" value argument or narrative of BTC.

Why don't other cryptos with "limited coins" have the same value?

I don't understand the "we were first" value argument or narrative of BTC.

As an technology it's slow and outdated?

It's like saying Blackberrys still have value because they were the first mobile phones?

Just to keep BTC going, it uses a huge amount of energy and power, more than some countries.

Most people buy BTC to HODL, so is there any real use case currently that is unique to BTC?

If the main idea is to buy and hold, can there be any real use case?

Gold has many financial and industrial use cases and traditionally a store of value.

Gold has scarsity and a use case.

Could BTC be the first ever case study or example of a "technology" assigning too much value for being the first?