There have been many new crypto currencies since the gradual acceptance of bitcoin started.

Much of the criticism of bitcoin is linked to its speed of operation, its wild fluctuations and its massive use of energy.

There are many (very many) pretenders to the Bitcoin throne, literally thousands of crypto tokens, currencies, etc.

As far as I can see, Bitcoin is the only crypto asset that doesn’t have any inflation. All the others are designed so that the administrators can get rich on the backs of hopeful investors.

So, while all the criticisms above can reasonably be levelled at Bitcoin, it is the only one that has survived multiple government attacks.

Of course Bitcoin is volatile and people lose money by FOMOing and then selling on the dips, but that will settle down one day.