Bitcoin has an almost eternal problem with the scalability and high cost of transactions. If these basic problems are not resolved, it is unlikely to be massively used as a means of payment. Especially after most states issue their national stable coins.
If this continues further, over time, Bitcoin will definitely lose its position. At the same time, it is unlikely that a decentralized cryptocurrency needs a tough price dominance of bitcoin. I think that the cryptocurrency market itself will tell in which direction should move.