Even if Bitcoin only gets to be the reserve currency of all digital currencies in the future, the petrodollar that oils the defi machinery, that's enough of a use case to drive valuation.
People like to ask Bitcoin investors if they really think it will be the last and optimal digital currency. And no, that's not likely. But that reasoning must be applied to each and every other coin as well, including Ethereum, and that is doubly likely for them. One could easily imagine a future coin that does what they do, only better.
People like to ask Bitcoin investors if they really think it will be the last and optimal digital currency. And no, that's not likely. But that reasoning must be applied to each and every other coin as well, including Ethereum, and that is doubly likely for them. One could easily imagine a future coin that does what they do, only better.