Cryptos were created to solve a problem and Bitcoin was solving the problem of double spending. Now many cryptos are into market that aim to solve a different problem such as sia coin and storj solve problem of decentralised storage. Golem solves problem for computation energy. Now double spending is not the real problem. The current generation cryptos are looking to solve the problems on scalability and internet of things. So I agree with you @kyriacos
RE: Bitcoin No Longer the Ultimate Hedge King