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.
The point is that Yahoo was the FIRST search engine with no viable alternative. But in condition of capitalistic society you have to be competative if you want to hold your positions. Google provided more opportunities to the average user and that ultimately kicked Yahoo from this market. It happens again if bitcoin will repeat the same mistakes.