Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
Probably won't happen and the possibility is really low, there has been many new coin introduced with amazing feature such as really high TPS suited for scaling and cheap transaction but none of them ever come close to bitcoin, even ETH with we all know massive ecosystem amounts to billions of dollars still have quite the gap if compared to bitcoin like by huge margin. so what is there a factor that could make a coin so special it could repeat the success of bitcoin? I think its still an unanswered question.
The thing that might come close to answering that question is probably the fact that people thinks of bitcoin as the gold of crypto and that kind of mindset will stay the same until decades later on which causes people to allocate most of their investment to bitcoin and the little leftover share of investment to altcoins basically eliminating chance for other altcoin to rise as high as bitcoin and will let bitcoin dominates for another decades which honestly a good thing in my opinion.
Of course I’d affirm that this is very possible. It is possible because everything that has even been made by man was an idea at first. Bitcoin was just an idea and people haven’t stopped imagining. So tomorrow anyone can come up with something similar yet better than Bitcoin. But Bitcoin’s height in use case isn’t a cheap one to achieve.
Considering most institutional investors which has hundred millions of dollars or even billions in their hand still allocate big chunk of that to bitcoin, I think none can surpass the market cap of bitcoin.