$BTC& #39;s beauty comes from the fact that its very "good enough" at being $BTC. You can& #39;t compete with $BTC because most of it& #39;s value comes from the fact its perfectly scarce+decentralized

$ETH "flipping" $BTC would honestly be a very bearish scenario for crypto because of this

since its way easier to provide a coin with a value prop that outweights $ETH due to its reliance on active metrics like TPS etc

We& #39;ve seen this in the market itself via the complete lack of projects that proport to be $BTC-killers yet almost every L1 is an $ETH killer

Some could argue that "its just the natural progression of things" but Gold has been #1 SoV for like 1000& #39;s of years before $BTC came in and broke its trust

having something "flip" $BTC so soon just doesn& #39;t look good, but interested in others thoughts on this

gold mcap decrease since $BTC started enroaching on its territory is actually way more than the amount the $BTC mcap went up, another slightly concerning fact about flippings

fwiw i& #39;ve been scaling out of my ethbtc long the last few days