This leads to me asking this question, do you ever thing bitcoin can rise so high that it will hit $20m in the future, whats the guarantee and how can one be so confident that bitcoin will not loose before it rise so high? i also have this believe as a matter of time, bitcoin will soon get a competitor that can be able to compete with it which can give people an alternative to go for the coin instead. just like the bitcoin became an alternative to the fiat. the fiat was what we knew for ages before the coming of bitcoin, I am scared a time will come bitcoin will lose its value once it has a very strong competitor.
i know what I'm saying is not what will happen now or in the nearest future (maybe after the people of our era cease to exist, I don't know) but there will come a time when bitcoin will no longer be relevant or so highly valued, are experts already looking at that future and what are the alternatives?
Currently, I don't think that any coin can pop up in future that will take over dominance from bitcoin because bitcoin has already achieved a milestone that no digital currency have achieved one-tenth of it. Don't forget that it's because of the problem that bitcoin is solving that is leading to its adoption due to her decentralized nature and censorship resistance. After bitcoin was created every other coin that was created after bitcoin was unable have that uniqueness of bitcoin because they are centralized and the dev created these shitcoins to scam people from their hard earned money through pump and dump.
Any new coin created will not be able to have the marketcap of bitcoin, talk more of to be in competition with bitcoin. I feel that you don't understand much about bitcoin and shitcoins. It's only if bitcoin network fails that bitcoin will not take over other asset that are leading bitcoin currently in marketcap. Don't you see that government, big institutions and companies are buying bitcoin because it has been tested and confirmed to be a good asset and a store of value overtime. Has any asset in the same line with gold taken over gold in price and value since history NO.
None of them could defeat the dominance of Bitcoin and if they say that they will follow or even defeat Bitcoin in future for sure they are bluffing around then try to promote their scam coins or tokens.
So much better for people to stop finding the next Bitcoin since by investing on Bitcoin itself they can possibly get those things that they want. They would just engage on a risky situation for finding a potential alts and there's a good chance that they might just end up getting scam by online criminals.
Big institution and government now see the potential of Bitcoin and people better to look at it as good basis for them to strengthen up their believe on Bitcoin. With growing participation of big entities that already show that Bitcoin will became more a big deal in future. So for those investor thinking about buying Bitcoin better to start now then do long term with Bitcoin.