The title question has run through my mind a million times, in the end, the repeated answer is Yes!
Here are why:
1. As pioneer: Bitcoin is a new innovation than any other, the very first blockchain structure wired to function nicely in payment and finance. Such an authentic innovation doesn't die, but stays forever as long as the world remains.
2. Hacking: Bitcoin cannot be hacked.
3. Fairness: The blockchain mechanism ensures fairness among parties, no discouragement.
4. Decentralization: You can own your Bitcoin and have the true possession.
5. Value: Bitcoin is an asset. It has so much value to the point that you can buy it and forget for years to meet huge success goal. This hedges against inflation and increase financial freedom.
6. Intention: Unlike many projects, the intention of the creator was pure, selfless, neutral and genuine. Such system often attracts adopters naturally and give everyone the freedom they deserve.
It's a little bit hard for me to explain why Bitcoin holds the leadership despite the fact that there are other competitive cryptocurrencies like Monero. Since 2016, when I first interacted with Bitcoin and cryptocurrencies, I've always believed that Monero would be the next Bitcoin because it has everything that Bitcoin has but in a more polished way, and Monero even does more than Bitcoin can. Logically, Monero should be the number one cryptocurrency because Monero has stealth addresses, ring signatures, native Tor support and etc... Monero has the highest privacy, the most decentralisation, and it's one of the safest currencies.
Why is Bitcoin still the leader and not Monero? Does anyone have any explanation?