I believe with time, the weak side of this major contender will also surface and it will become obvious that Bitcoin will always be the leader.
What weak side are you referring to?
Are you sure it is getting a lot of adoption on exchanges? Because I know there's a lot of DEXes that are supporting Monero, but it seems like centralized exchanges are rushing to drop it like a hot potato (because "money laundering" and "crime" and ... you get the idea).
Centralized exchanges should not be taken to be the arbiter of what is a good coin or not. They will list endless numbers of outright scams if it makes them profit. All their decisions are driven only by what will make them profit, not by what is good for their users or the community.
There's no other cryptocurrencies that can provide you with the level of privacy you can have with bitcoin
This is just false. Monero is exponentially more private than bitcoin.
So holding and using Bitcoin give you a neutral impression instead of Monero.
Various governments around the world are currently advancing legislation to make it illegal to own and hold bitcoin outside of fully KYCed centralized exchanges and in your own wallet. So you will soon be viewed as equally suspect. The correct answer is not to acquiesce to these crazy regulations and give in to the surveillance state.
I've said many times before that Monero is the only coin other than Bitcoin which I own and use, and the only altcoin I consider not to be a shitcoin. It shares many of the good things about bitcoin - decentalized, PoW, no premine, etc. - while also being far more private if used properly. I don't think it will ever replace bitcoin, but I also think it is one of the only altcoins which will continue to grow and continue to be used many years in the future.
Well said just as tho you've said all my thoughts on this issue, I've not used monero but I've been a fan and It's a coin that I consider using something although not to store but anytime I would like to do a private transaction.
Bitcoin and monero should not be compared, there serve different purpose and have different strengths, bitcoin security has been compromised a bit since online exchanges appeared to be the most commonly used and there would not fail to deliver you information to the government to save their ass, unless your doing your transactions off exchanges.
I can't advise anyone to invest in monero but you can sure use it when you want to keep your privacy secured.