What's the anti-case against each country launching it's own version of Bitcoin/Altcoin? What's the bull case for bitcoin beyond the fact that it has been the first successful crypto? Genuinely curious.
Just chiming in here, but I would say the high mining hash rate makes it the most secure chain (secure like people can't go back in time and change the chain's history because it would be prohibitively expensive to do so).
Ultimately I think Ethereum's market cap will come close to challenging BTC's in the next 10 years and when that happens we will see a rapid transfer of capital from the BTC chain to the ETH chain.
So I think it is certainly _very_ unsure that Bitcoin will become the dominant crypto asset. I think there's some reason why it might.
Kind of subtle and hand-wavy, but I think it's dysfunctionality in terms of leadership and "emergent nature" may be features rather than bugs.
For example a crypto asset sanctioned by a government is based on that government's legitimacy. This kind of means that the government could decide to "turn it off". And with Bitcoin, it's not clear at all who could do this.
