Bitcoin has no competition and therefore cannot compete against BTC, those who have made this a cliché are wrong, that BTC can eliminate banks, fiat money, gold, no, BTC is not for that, it is to give us the freedom that was taken away from us since the beginning of the corrupt global financial system that exists, it is the only way out, so BTC is authentic, it has no need to compete against Anything.
The truth is that people really understand the value of bitcoin that is why they feel if bitcoin is here to eliminate fiat, and this is the same mindset some leaders have concerning bitcoin that is why they imposed ban and strong laws on bitcoin, bitcoin wadnt created for what they think but bitcoin wad created to save people from financial burden and lose, which before now when money is saved in the bank for a while it loses value but bitcoin is here to help, instead of lose, profit will be gained.