In short placing your money in bitcoin means it is like a new age savings account.

If we relate bitcoin investment to a mere saving account it will somehow look like the pump and dump shitcoin we are strongly kicking against. A typical savings account can be withdrawn at any time not minding the season. bitcoin is a name for itself, a system with long term reward that guarantees a good future if invested in with enough capital.
there's more innovation in altcoins than in bitcoin
no so hard to see that
NFTs and all the Defi current structure came from altcoins, not bitcoin
but innovation per se isn't the same thing as driving prices up
bitcoin ngu technology works well because it's simple
How much value do we derive from the so called innovation? Everyone needs a system that works. Can we count the number of NFT projects that collapsed in just few years of launch? Can we also account for failed DEFI projects. Perhaps bitcoin technology isn't that simple as it seems because many improvement have been done since it's inception including forks but because the idea behind the technology remains the same regardless it remains king in the digital world.