In the past 14 years, Bitcoin (CRYPTO: BTC) has gained significant attention primarily due to an impressive 199,900% increase since 2013. For some context, $1,000 invested in Bitcoin a decade ago when its price was around $13 would be worth nearly $2 million today. 

Paving the way for a new era of finance, Bitcoin's harnessing of blockchain technology gave developers and users a blueprint to grow the asset class from just a few dozen cryptocurrencies into the thousands trading today. With plenty of new options for investors, it has become widely assumed that one of the newer, more alluring cryptos holds the potential to eclipse Bitcoin's record-breaking performance of the past decade.

But this notion is flawed for one main reason: There is no "next Bitcoin," and there likely never will be. 

Continue reading

Source Fool.com