Scalability. Ecosystem infrastructure, size, growth, and amount of activity. Practicality of use case with increasing volume. Global regulatory support. Etc, etc, etc.
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Scalability. Ecosystem infrastructure, size, growth, and amount of activity. Practicality of use case with increasing volume. Global regulatory support. Etc, etc, etc.
Much of what you are talking about here are fundamentals of a coin used for every day payments...
But regarding bitcoin...
growth/activity - bitcoin has seen exponential growth basically since it was created in number of wallets, transactions, users, amount of money transacted etc.
regulatory support - as of right now bitcoin enjoys more support from governments than any other non CBDC in the world. Very few have been labeled as not a security by US regulators, BTC is one and many countries follow the US's lead when it comes to regulations.
It's hard to argue that bitcoin hasn't been a massive success in filling the need of a global non-correlated digital store of value that can be used as a hedge against excess money printing by central banks.
In terms of practical utility, it has failed, but I would argue that is perfectly fine. It is pretty much impossible for something to work as a great medium of exchange and a great store of value.
You seem to be hung up on the fact that bitcoin needs to fail for something else to rise up, which is not the case at all. Bitcoin fills the need of digital gold while other coins will fill the need of internet 3.0 and every day payments. Could whatever those coins are someday be more valuable than bitcoin? Sure they could, in fact they probably will be, but keep in mind that isn't a knock on bitcoin as it could still be worth many multiples of what it is right now in that scenario.
The total addressable "store of value" market is something like $280 trillion (doing a post on that right now actually), and bitcoin is going after a chunk of that market.