[gertrunde]

I suspect Excel's primary value at this point is its entrenched monopoly position.

[xyzelement]

I don't think it has anything of the kind. "Office" is no longer a must for any home user, and most businesses starting today have a clear choice between (at the very least) Office and gSuite.

I haven't had Excel installed on my work laptop for the current or previous job. Though if I didn't have access to Sheets and had to use Libre by default, I'd petition for Excel in a second...