Well, there is the question. So many new coins and tokens being published on a weekly basis. Can all these coins affect BTC in any way? Can they drive investments away from BTC and if they can, what s the whole point? Personally, I am always for innovations but recently, I cant keep up with all these new opportunities and I do not think the market s wide enough to let all of these coexists.
I totally agree with you that there are many new altcoin are being launch almost weekly but I doubt if they can drive us from bitcoin because you cannot change these altcoin to fiat you still need to convert them to bitcoin ,I think they compliment the power of bitcoin we just need to restrict scam coin to avoid diluting the market..