There is no reason why XMR could not replace BTC
There reason XMR cannot replace BTC is that both are antifragile.
XMR only strengthens BTC. If BTC needs to incorporate innovative features proven in XMR, it will. And vice versa.
They are complements, not substitutes or competition, and should gravitate towards parity.
I respectfully disagree.
First of all, I do not think btc is the ultimate crypto currency. It is the first one like this type but certainly is not the ultimate.
I do not say bitcoin will be broken but I just dare to claim bitcoin might lose its popularity.
It is challenging to sell bitcoins these days to noobs. They think it is too expensive and in declining trend which is an adoption killer combination. Who wants to buy an asset that gets dumped, it is pure stupidity.
Monero can fix economically bitcoin's wild fluctuation problem and grow steadily (traders are here playing a crucial role - they give markets both sellers and buyers and thus cutting the over-reactions into both ways). On the other hand, accumulation and adoption will put Monero to rising price channel that might take years or even decades (unheard in crypto). Basically extremely long term steady bull-market for sure 99.99 % probability will attract huge amounts of money. But this needs to be proven by time and the price cannot rise too fast so that it will not feel risky investment. That is the factor that potentially be crucial in replacing bitcoin.
If I am not mistaken, the devs are working on option into XMR to use it also publically...? Am I completely wrong?
Anything that bitcoin has can be included into Monero.