$BTC reigns supreme - but why?

I have been reflecting about the cryptomarket lately and i cant help comparing it to other non-digital assets.

Bitcoin is more or less ancient tech now - it has paved the way for digital assets as we know them today, but its utility is heavily diminishing due to the fact that newer coins handle transactions much faster, $XRP

It is referred to as digital gold, and in some ways that might be true. Its scarcity makes it valuable and desired, but gold actually has real-world utility as the best conductor of electricity. BTC has no such utility..

I can stop thinking that BTC maximalists with extremely heavy wallets are controlling the market and have an interest in keeping it that way, like oilmagnates trying to hold on to the use of a ressource of the past.

To me this slows down progression of digitalization and the implementation of crypto as trusted monetary currencies, much like the power of oilbusiness slows down the progression into alternate energy sources.

Just some thoughts from a guy with a few months of crypto experience..

Have nice day and may your trades bring lots of profits ♥️