Bitcoin is crypto not on the surface but on its core because it uses cryptographic functions to strengthen its security, privacy and decentralization. The whitepaper and Satoshi Nakamoto does not mention cryptocurrency but the structure of the Bitcoin protocol security is highly dependent on cryptography just like any other cryptocurrency reason why it falls under the umbrella of cryptocurrency.



We are on the same page here. I also think that Bitcoin will be replaced by newer financial technology if it fails to evolve in the future.

The reasons you say at Utas, if I think about it is common and all of that if I think is not a normal reason for maintaining Bitcoin's leadership.
For example that cannot be maintained in the world of internet hacking and value.
These two things can occur problems in cyberspace, the Bitcoin market in terms of very fundamental values and hacking can happen at any time.

In my mind the leadership of Bitcoin can survive, it is strongly influenced by users who believe in Bitcoin itself as a digital currency which has a bright future in all aspects.
So that people tend to buy bitcoin as an asset for them.

A lot of us often said that bitcoin is the future, but in reality it’s not, because no one actually knows what lies in the future. What we have right now are simply not the final one, because changes are inevitable. Bitcoin may be the best for us now, but who knows a much better cryptocurrency will suddenly develop in the future, so we can’t really tell that bitcoin will still lead the crypto market when the market itself is highly unpredictable.

Bitcoin is highly profitable, and it’s undeniable. But we shouldn’t close doors for other assets or coins in the future. After all, bitcoin is just a material, a currency, an asset, it can always have something to replace for.

Bitcoin has made a name for itself. The government has tried to control it. Some entities have also made their moves, and since the government can't climb down totally on control, what they are doing now is to acquire as much bitcoin as they can, holding much of it to threaten market control.

Policies are also another indirect way they have tried to decide what's what for whom in terms of deciding how their people spend their coin.

As long as you hold your coin in your noncustodial wallet, you are free from their central control. Bitcoin is not decentralized if you keep it on a custodial service.

For now, bitcoin is the perfect choice, but we can’t tell how bitcoin will perform in the future, or if there is any other coin that will completely replace the current position of bitcoin. Let’s be optimistic but let us never close doors also for those new coins who have higher potentials than bitcoin in the future.

Let’s be open-minded instead. We can always stick with bitcoin for now, but if new opportunity comes along, then we should also learn to make some adjustments or change of decision making.

I don't think there will ever be any Bitcoin, if there is going to be then by now there is going to be one now. Since the beginning of this year, no coin has perform very well like Bitcoin, the volume and demand no coin comes close to what Bitcoin has done since the last halving. It's not like the institutional investors has even pick any interest on any of all the fork coins we have had in the past. In fact, almost all of them look very bad and forgotten for long time.

Have you thought about how institutional billions of dollars, where do you think that amount of money will come from again? It's only from government and any government that will want to consider coin reserve, their first interest is going to be Bitcoin before any other coins. All altcoins that you can think of today all have teams and their interest comes before any other people, buying those coins automatically means enriching those people that sit around the table, this is what Bitcoin doesn't do because it's unique.

The fact that it’s trusted by people is the very reason why it’s existed for so long. There are lots of cryptocurrencies that got famous but only very few have existed for a long time or if none at all. At least not to the point of bitcoin. Because they are just driven by hype not by community or function.

The reasons given by OP are very valid but for me BTC will always maintain the leadership position for everything it means to have it, based on its history, based on its safe haven value, deflationary and for technology, as time goes by it obtains more value, which calls for every BTC investor to feel safer in BTC than putting their money in a bank or in the fiduciary system that does not offer security, on the contrary it offers many insecurities since the system is very corrupt, what is reliable is BTC.

Bitcoin seen as strong leader because of its long history its ability to act as safe place for money during tough times and its limited supply which helps its value grow and its secure transparent technology. This makes people feel safer putting their money in Bitcoin as they believe regular financial system is corrupt and unreliable but Bitcoin offers new trustworthy way to handle money.