If there's to be a 'flippening' where Ethereum gets more market cap that Bitcoin, I see it happening when Eth adopts proof-of-stake and gets publicity as an environmentally-friendly blockchain.
That's the spring which compels them to invest: hatred towards the Fed policy of 2%, the public would really love a -2%.
The sentiment is so strong that they accept the consequences of the vastly inferior settlment mechanism which is BTC as well as all the headaches.
People don't have the same hatred and concern for companies which Eth aims to disrupt. People by and large love their user experience on Amazon, Google, Youtube, Robinhood etc. whereas Eth and DeFi is overtly complicated with 0 liquidity
The only bull case I can see for DeFi is that nerds with money and cryptopunk attitude would think that regular people would want to exchange JPMorgan and RobinHood for DeFi...in that case of course price will pump because a whole lot of people anticipate something, but it won't happen for real, just as an appreciation due to people betting and projecting that everybody is wired as them.
Also at the individual level the only good move is to secure that you'll not be affected by climate change. How? By becoming rich, which is a natural consequence of not losing out to inflation and also by profiting off the appreciation of BTC.
Your comments make me even more enthusiastic for Ethereum to move to proof-of-stake, so that we can (at least!) signal our willingness to collectively address climate change.
More like hatred toward the Fed's inability to limit inflation to 2%.