The entry threshold is too high, and the wealth effect is too low, which is why Bitcoin fails to attract newcomers.

Meme coins and altcoins precisely compensate for what seems to be a flaw in Bitcoin; every day, there are tokens appearing with 100X or 1000X returns, even though it is gambling, speculation, and a game of survivor bias.

Who asked you to say that? It sounds as if the players don’t know; aren’t they just hoping that one day the 'survivor' will deviate in their favor?

So Bitcoin and altcoins are not important; what matters is attracting people from outside the market and getting more people into the crypto space, which is the merit of altcoins.

Once a person enters the crypto space and experiences a couple of bull and bear markets, they naturally come to understand and will begin to recognize Bitcoin, so altcoins have a positive effect on Bitcoin.

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