Both of them will last long but in order to survive they both need to evolve and innovate . As of today there are 2 types blockchain the permissionless public blockchain and permission private blockcchain . Bitcoin belong to public permissionless blockcchain where anyone can join the network without any permission from the majority node. Private blockchain on the other hand are used for businesses and enterprise one of the example of a permission private blockchain is the Hyperledger. Bitcoin will survive but without evolving and less innovation then bitcoin can then be a boring blockchain in the long run.
I agree. Bitcoin must innovate, because if you take a look at the market now, even if bitcoin has huge market share, there are other cryptos that in my opinion, are like the new generation of what bitcoin started. Thats a fact in business, right? The pioneer can open the door to lots of new and improved products and services? An example that comes to mind is the Virie Market. Its a distributed exchange network with a cryptocurrency feature. So it is apparent, there are financial instruments out there offering way more than what bitcoin can.
https://www.decentpropaganda.com/virternitys-distributed-exchange-network-could-put-crypto-exchanges-out-of-business/