every month there is always a newbie with no education and knowledge of the cryptocurrency technology that comes along and starts praising altcoins that anybody else already knows are terrible projects with lots of flaws and no chance in the real world. they always think just because there is a centralized rich company that fully controls a shitcoin then this shitcoin can succeed. but they forget that when it comes to centralization they are not even at the same level as bitcoin. even if there is any competition it is between them and the government issued shitcoins in the future.
in other words in a couple of years when banks and governments start releasing their centralized altcoins, all these shitcoins like ETH, BNB, USDT, ... die in an instant. most probably their first strke is going to be banning all these altcoins.

at the same time since bitcoin is the only decentralized currency that nobody can ban, censor or prevent from being adopted it will continue growing and continue acting as a global currency.