Less than 1% of the American adult population even understands what the hell crypto-currency is.
As evolution continues to plow on - more and more people get educated.
These new people don't read about alt-coins, don't understand alt-coins and don't buy alt-coins - they buy Bitcoin.
Bitcoin is-indeed the father of all coins and tokens. It was the first. It's been here the longest and has the best long-time track-record.
When BitCoin temporarily loses value - all other coins suffer and lose value.
New alt-coins don't even come close to the strength, infrastructure and public trust of BitCoin.
When businesses set up to accept crypto - they don't choose piecoin - they choose BitCoin because it covers a larger % of the market (their customers) whom they're trying to reach.
The very FACT that Bitcoin is the first and the father of crypto... assures its continued long-term success.
Yep, and we still drive Ford Model T's too. :)
I like the analogy but I think it falls a little short. If cars are the blockchain tech then roads are the network effects. Sure you can buy a faster more efficient car but if all the existing lanes that reach the most destinations are only compatible with Ford Model T's you may think twice before trading it in.