Bitcoin, just like real estate and gold can't be replicated at the base level. You can financialize anything through derivatives but those who actually own a house in Miami, phisical gold or bitcoin onchain have the real thing and can expect the value to go up forever.

That can't be said of any altcoin. Shitcoins can be manipulated from the inside by expanding the supply or by rugpulling naive investors. Altcoins are fiat on steroids. You just want to win in your little casino but nobody wins there apart from the insiders.

Any crypto that is not decentralized is a security and most securities will go to zero. Ask the SEC