Many people believe that if there is no alternative cryptocurrency, the price of Bitcoin will rise because it has no competition.
But, in my opinion, the price of Bitcoin is lower if it does not have a competition. Why? Because if there is no competition, the buyer's thinking is "should I buy this or not?" however if there is competition, the buyer's mind is "should I buy Bitcoin or these alts?"
As a result, not just Bitcoin but other altcoins will benefit. So, rather than being upset or sad because there is a competition, we can look at it in a positive way.
Not all of them, but in the market everyone is free to choose as they wish, but regarding price potential, it all depends on demand, when demand is high the price will rise and that is no exception for BTC. All items. I don't think it's a competition but rather an objective thought about BTC. Someone who already knows the potential of BTC in the future will not easily be shaken by seeing the pumps from altcoins, for example today and in terms of price, no one has surpassed BTC yet. So why do you have to notarize it like that?