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?
No way. That speculation was only based on the current happenings but on the long-term, it will be hard for ETH to flip BTC. While ETH is climbing up the floor, BTC will also do the same. The one you need to expect for ETH is the possible more price increase in the future.
That's what matters compare to a target that it will flip BTC someday.