There are newer cryptocurrencies than BTC with better technology. However we often insist that BTC is "king" because of its "first mover advantage" and its greater adaption. But then USD has far far greater adaption than BTC.
Shouldn't we value more technology than adaption? Isn't it natural that in the end other cryptocurrencies with better technology will prevail?
I would say that valuing the first ones in fair, because others were just copying from them. Bitcoin deserves all the credit it has, just like ethereum deserves its for being the first smart contract platform and iota for being the first tangle-based currency. I would say that it is actually surprising that it is the case and people value those who started innovations more than those who succeeded in improving them. Surely good tech paves its way to the top, but it cannot beat the giants, because the tech's improvements are a lot less significant than what the first coins did.
I can tell you argue. You can drive comfortably on a modern car but you never know when it will die. A large number of electronics makes it comfortable but less reliable. An old car without electronics can ride as long as there is fuel. And bitcoin. It is reliable and therefore, he will always trust more people.