#WhiteHouseCryptoSummit - *Altcoins*: While Bitcoin remains the dominant cryptocurrency, it faces competition from other cryptocurrencies like *Ethereum*, *Litecoin*, *Bitcoin Cash*, and newer projects. Some offer lower transaction costs, faster speeds, or advanced features like smart contracts (which Bitcoin does not natively support).

- *Central Bank Digital Currencies (CBDCs)*: Governments around the world are exploring digital versions of their fiat currencies (CBDCs). These could present competition to Bitcoin for mainstream usage, particularly if they are integrated into the financial system with lower fees and faster transactions.

---

Conclusion:

*Bitcoin* is the *leading cryptocurrency* and often seen as the safest bet for investors looking for exposure to the crypto market. However, it faces challenges such as scalability issues, competition, and regulatory scrutiny. Its long-term potential often hinges on its adoption as both a *store of value* and a *medium of exchange*, as well as how it evolves with technology like the Lightning Network.

Key Factors to Watch:

- Ongoing *regulatory developments* and how they affect Bitcoin’s adoption.

- Growth in *institutional adoption* and Bitcoin becoming more integrated into traditional finance.