When the general public talks about Cryptocurrency, what comes to their mind is Bitcoin. Alternative cryptocurrencies are not competitors to Bitcoin, their founders have no intention of creating alternative coins as competitors to Bitcoin because they are very aware that they will never be able to surpass Bitcoin's popularity. As the prime mover or first Cryptocurrency ever, Bitcoin has advantages over other cryptocurrencies. Bitcoin has the largest network, the most legitimacy in the eyes of retail and institutional investors, investor confidence in Bitcoin because it is built on the most secure database in history.
Nothing will happen to Bitcoin even if it plays a single role because its price is very dependent on supply and demand. Just imagine Bitcoin being able to reach several ATHs even though it is side by side with Altcoins, especially since Bitcoin is the only Cryptocurrency that has ever existed. Even though thousands of other Altcoins have been circulating amidst Bitcoin's popularity, the Bitcoin community firmly believes that altcoins will not replace Bitcoin due to its fair and unchangeable monetary policy, a trait that no technology can fix.
Bitcoin is the first love of the cryptocurrency world, and its domination is unshakeable! Its pioneer position provides it an edge, like a cryptocurrency celebrity. Bitcoin is the cyber gold standard due to its size and security.
Bitcoin's ideology, decentralized and unchanging monetary policy, makes it unique, not merely being first. The combination of technology and trust makes it more than digital gold - it represents financial development. Altcoins are like new ice cream flavors - interesting but not enough to replace the classic flavor everyone loves.
What about price? Standard supply and demand with a market sentiment twist. Bitcoin capitalises on investor emotions, producing a captivating but risky investment story. Like a high-stakes game where everyone knows the name but cant anticipate the conclusion. Exciting, right? Bitcoin's resilience while altcoins rise? Its stunning and shows ingenuity and belief's power.