No, Altcoins Don't Compete With Bitcoin

Store of value is key to money. Alts have none.

Elon Musk’s Dogecoin tweets have given the coin a nice run, sending its price from fractions of a penny — where it traded for roughly 8 years — to 40 cents on April 20th before falling back. It was enough to yank Bitcoin skeptic Peter Schiff from watching his gold portfolio do nothing — also for roughly 8 years — to crow that “Dogecoin is eating Bitcoi…