laravel old value not working in textarea code example

Example: laravel old value not working in textarea

<fieldset class="form-group">
  @error('address')
  	<span class="invalid-feedback" role="alert">
  		<strong>{{ $message }}</strong>
  		</span>
  @enderror
  <textarea  id="address" rows="4" class="text-capitalize round form-control @error('address') is-invalid @enderror" name="address" placeholder="Company Address" required autocomplete="address" autofocus>{{ old('address') }}</textarea>
 </fieldset>