It has been decades now since the Bitcoin became a popular name in the world of cryptocurrency. However, it had a slow start but eventually became a global crypto coin. All Kudos to its developer and founder, Satoshi Nakamoto who planned a whitepaper featuring the benefits that made it welcomed by people for trading. Bitcoin is the foremost crypto coin by which people came to know about cryptocurrency. They had hardly expected any technology that would become an alternative to the traditional currencies that they have been using until now. Not only it achieved worldwide fame, but it also paved the way for other alternate currencies which are known as ‘altcoins’. But despite maximum numbers, these altcoins failed to win over Bitcoin.
Now, what are the reasons behind this failure?
Simply because Bitcoin is the real thing when it comes to the crypto market, It is the thing from where all this journey of decentralization started so its position cannot be taken over by anything else so easily. Also you will notice that among all the coins Bitcoin is the one that has become a household name and everyone knows it despite the fact that they like cryptocurrencies or not but everyone knows Bitcoin and not many other coins so replacing Bitcoin is not going to be an easy task and i do not see it being replaced by any alt in near future.