Something came out in my mind recently:
How would the price of Bitcoin change if there were no other cryptocurrency than Bitcoin?
Would Bitcoin develop faster without a competition?
Altcoins also have a role in helping the concept of blockchain and cryptocurrency development, but this does not mean that altcoins are helping Bitcoin grow. Bitcoin has its own strength in its journey, which is why until now Bitcoin has been able to survive, but not many altcoins have been able to survive because their fundamental level is questionable.
Many people believe that if there is no alternative cryptocurrency, the price of Bitcoin will rise because it has no competition.
Then who can guarantee that if altcoins didn't exist, Bitcoin would rise faster because there was no competition. Competition is clearly a force that makes Bitcoin one of the best and it is certain that when Bitcoin has no competitors, its development will slow down a bit. Both bitcoin and altcoins have their respective roles in cryptocurrency and both play their respective roles in determining the level of development.