I totally agree with you. The key word here being “anytime soon”.
Bitcoin dominance is 68.4 % right now. It seems impossible to overthrow.
Bitcoin is widespread, a very strong and well known brand and fully decentralized, which is important as the worldwide governments would have an incredibly hard time to shut down Bitcoin should they turn against it (like they did against Libra). We are also fairly certain that there is not a single entity/company that will ruin Bitcoin as it doesn’t really belong to anyone in particular, but to us all.
Also, right now, Bitcoin is the only crypto currency that is actually needed for something: It is used daily to purchase and sell all other alts.
Since its max supply of BTC 21M is relatively small, Its price can only go up in time, reinforcing its value and appeal to investors.
In short, Bitcoin has a lot going for it. The main concern I have about Bitcoin is its relatively “old technology” being replaced by a more modern one that would produce faster transactions, lower fees and offer increased programming capabilities.
Bitcoin could actually be replaced by a much more efficient crypto-currency. Those crypto-currencies are not a vague futuristic dream, they actually already exist.
Will Bitcoin ever be replaced by a more efficient token? Maybe not and it will keep its status of top notch coin and store of value forever, a digital equivalent of gold.
However, we do need to consider there is a very strong possibility that a more modern and capable coin will replace Bitcoin as the market cap leader in the future. It makes a lot of sense to move from a slower, more expensive and limited technology to a much faster, cheaper, more powerful and modern one.
Old technologies usually thrive until they are replaced by better ones. Examples are all around: Electricity vs candles, cars vs horses, digital photography vs analogical photography (where is Kodak today?), etc, etc, etc…
Will it ever happen with Bitcoin? It is very difficult to be sure, as it will depend on a lot of events that have not even been produced yet.
If Bitcoin is ever replaced as N1 by a much more capable crypto coin, it will never be in the next couple of years. It might take somewhere between 5 and 15 years for it to happen, and that doesn’t mean Bitcoin will ever lose its role as store of value (digital gold), it will still be very valuable just not the N1 undisputed coin anymore.
Who knows for certain what the future will bring? It is certainly fun to think about it.