I just started following crypto currencies lately and anytime people discuss the price of one coin or the other, they always link it to the value of bitcoin. For instance, if a coin has a total supply of 2billion units and someone says it will go 100$ per unit. You will see many that will object on the ground that that will be double value of bitcoin. Is there any logical reason why people believe no coin can surpass bitcoin in value? Thanks in advance.
Not everyone that doubts altcoins says it is impossible, but it is extremely unlikely that it's ever going to happen.
Thing is that bitcoin has got the reputation of being a good investment and since it is the first ever cryptocurrency, people trust it more. Altcoins will get overtaken by other altcoins over time with better specs, just like how LTC or PPC got overtaken by ETH.
Bitcoin will always be the gold standard for cryptos, something that people refer back to. At least that's what i believe in. But altcoins certainly can overtake bitcoin market cap, and actually has. Search up the history of solarcoin(even though it was completely illiquid, again demonstrating market cap isn't everything)