Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.
Strongly agree, your statement is based on the facts.
until now, I have not seen any
Altcoin that I think has the potential to replace Bitcoin, Bitcoin remains irreplaceable.