Do you think ETH’s gas fees will compromise its position as the 2nd leading crypto?

I'm a huge investor in ETH (about 98% of my crypto portfolio) but am a bit worried about the ever worsening gas fee issue. Is this issue going to be fixed? As far as I know, the first launch of ETH 2.0 was last month. Is that true? Whether or not it is, will future upgrades of ETH fix the gas fee issue? I always assumed the answer was "yes" but am not so sure anymore.

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On a related note, why don't these insanely high gas fees mean that another coin with cheaper gas fees than ETH will become more popular than ETH? Why is ETH keeping its position as one of the dominant crypto currencies out there? And what does ETH have over BTC now that BTC can now allow smart contracts via its Taproot upgrade?