How is Bitcoin better than any other block chain digital currency to justify its current market valuation?

The current valuation is a result of the large inflow of money to buy bitcoins.

As capabilities it is worse than many other blockchains - ossified protocol, no way to evolve.

And regarding the market valuation - the price of bitcoin and other crypto-currencies is quoted in ‘stable’ coins.

What most people assume as a guarantee of 1:1 peg to fiat/paper currency is just a promise which can be broken.

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