I saw someone claiming that if ETH will do 2x, it can flip the BTC. Well yes, if you look at CMC, BTC market cap seems to be bigger than ETH market cap by 2.17 times. And of course BTC will probably get more and more expensive if the overall crypto market will be rising.
However, I've just noticed that for the last 7 days, BTC if up 1.14% whereas ETH is up 9.27%. So ETH seems to be rising faster.
Now the question is, why in which way, this is good for ETH holders? I don't seem to understand this, why people getting excited by the chance that ETH can flip BTC?
Technically i see this as a very possible scenario later, after eth2.0 but then again, in the past when ever people start to seriously think about flipping, it has been a top signal for that bull market. Just see TA on marketcap comparison on bitcoin dominance. Not saying it will happen again but it sure looks like it would.
And if something flips bitcoin, the whole scene and future will look very different after that. I personally wouldn't invest to bitcoin after it gets flipped.