Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
I think it is possible, nothing is impossible. It will have a strong development process and then end. But we do not know what day it is. I do not hope that it will end soon.
Well the altcoin market has blown up and many altcoins offer more to users than bitcoin does from smart contracts to real anonymity to real world apps. The question is whether or not bitcoin will always retain its market share as the first coin without innovating further on the protocol.