What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
I don't think that it would effect the Bitcoin price or Bitcoin's market cap much. Bitcoin is not linked to any other cryptocurrency or altcoin. So, I guess Bitcoin would be very valuable again.
Altcoin created to complete with cryptocurrency where bitcoin have many partner with altcoin, although bitcoin always under bitcoin dominance make crypto world large with present of altcoin, every day create new altcoin and make bitcoin become stronger we many support from altcoin kinds, investor have choose to invest with thousand altcoin have listed on exchange market and give much profit each altcoin listed.
If there is no other digital currency and only Bitcoin, then imagine the price of it nowadays, imagine the demand it gives, the value and wealth it gives to the people who has a lot of it and invested at a very cheap price.
So, lets be thankful that at least nowadays, we do have a lot of digital currency as an alternative to Bitcoin as we want to hold more of our Bitcoin and we don't want to spend it yet .