BTC is the first known crypto to have recorded a successful transaction. This feat was accomplished in 2009. It has grown to more than 1 Trillion USD market cap during its peak. Then why this question?
At first we might be tempted to think this question is too basic. But that is not the case. Actually, the image of BTC changes in 3 phases:
1. Before you enter the crypto world
2. When you start with just BTC
3. When you gain experience
Before you start, most people think BTC IS crypto. It has become so synonymous that all coins other than it are called 'Alt Coins' or alternative coins. Then when you start trading, you think of how it is the best and safest crypto coin ever, and a must on your portfolio. But as time progresses, you realize it is just another coin: and a mediocre one. Unlike Ethereum, Matic, Binance, Sol, Cardano and so many others, BTC doesn't 'do anything'. That is to say it doesn't have some superior framework on which dozens on new coins are being built daily. To put it as bluntly as possible (sorry Bitcoin Maxis), it is just as much a meme coin as DOGE.
But the problem is that most human beings are among the phase 1 and 2 mentioned above. As a consequence, BTC continues to thrive simply because of popularity and public emotion. This is why when it crashes, so does the rest of the crypto market. It is not an ideal scenario but it is what it is.
Therefore we must remain watchful of its movements, even if we are into better coins.
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