Bitcoins value is in the network security.
As long as hashrate is high its hard to see something else taking its place.
Watch the hash.
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There are already more secure cryptos than Bitcoin. Given that the masses are in Bitcoin at all is because of NGU, the hashrate is not the selling point. If the next big profit opportunity comes along, those people will move their money over. What happens to Bitcoin then?
And that's just one scenario.
exactly which crypto has better security guarentees than Bitcoin?
Ill wait.
Hashrate follows price and BCH just broke its 8 year down trend vs BTC.
First 4 years down. Last 4 years more or less stable. The next 4 years?
If it rises above 1 to 3% not to speak of 5 to 10% this will become a confidence game.