yes that is a fact that there is no competition of bitcoin, bitcoin is increasing day by day, all the people are going to use bitcoin instead of fiat currency in their local markets.
How do you know that bitcoin has no compitition better to check coinmarketcap to check how many coins are dreaming to be a bitcoin..
also the price of bitcoin right now is not increasing day by day instead the price of bitcoin is decreasing every hours.
But i believe that bitcoin will be still stay as king of the coin and the price too will be more valuable in the future..