Altcoins, while offering diversity and fostering innovation in the crypto space, can indeed distract from Bitcoin’s adoption. They often promise high returns, attracting investors away from Bitcoin. However, their volatility and lack of regulation can lead to significant losses, creating skepticism about cryptocurrencies in general, including Bitcoin. If only Bitcoin existed, its adoption might be higher due to a focused understanding and trust in a single, decentralized currency. However, the absence of altcoins would also limit the scope for innovation and competition in the crypto ecosystem. Therefore, it’s a complex issue with no straightforward answer.