What's the anti-case against each country launching it's own version of Bitcoin/Altcoin? What's the bull case for bitcoin beyond the fact that it has been the first successful crypto? Genuinely curious.
Ultimately I think Ethereum's market cap will come close to challenging BTC's in the next 10 years and when that happens we will see a rapid transfer of capital from the BTC chain to the ETH chain.
Kind of subtle and hand-wavy, but I think it's dysfunctionality in terms of leadership and "emergent nature" may be features rather than bugs.
For example a crypto asset sanctioned by a government is based on that government's legitimacy. This kind of means that the government could decide to "turn it off". And with Bitcoin, it's not clear at all who could do this.
But yeah, that's very unsure, I guess.