It would need to be better money to continue gaining value against Bitcoin long term. Ethereum was gaining for a short time, too. Remember the ETH heads frothing about the flippening? The biggest long term risk is Bitcoin turning into another shitcoin.
Discussion
If it was competing to be money, but I don’t think that’s the case.
People overestimate how quickly and to what extent Bitcoin will be adopted in their lifetime
People that bought solana in 2020 dont need to be right 200 years from now.
SOL is just a cheaper, faster, more centralized, less reliable Ethereum. It's scarcity is the same as fiat, infinite. Ethereum has been around for 2/3 of Bitcoin's lifetime, yet even with unlimited supply cap it's < 1/4 of the market cap of Bitcoin.
Why would a more centralized, less reliable Ethereum be worth more than Ethereum, let alone Bitcoin?