Bitcoin is not going to make it
web3-trenches-podcast.simplecast.com
web3-trenches-podcast.simplecast.com
According to https://coinmarketcap.com/
ETH market cap: $205,472,110,461
BTC market cap: $451,416,778,093
Not as far off as I would've though to be honest.
https://ycharts.com/indicators/ethereum_market_cap
https://ycharts.com/indicators/bitcoin_market_cap
At a quick glance I don't see any period in the past 5 years on those charts where Ethereum isn't at least 2:1 behind BTC so... is it really "growing" or just basically pegged against BTC?
Sure ethereum yet has to show usability as well but it has a much better chance of this than bitcoin.
Bitcoin also has such a large amount of its coins in Satoshi's control that if he ever shows up and moves them or someone else is able to do it, it will probably crash the whole thing.
For payments on Bitcoin, it is rocking with lightning. Time to catch up on that subject.
Market cap is a mostly useless vanity metric in the crypto world, I don't recommend relying on it for forecasts.
>is it really "growing" or just basically pegged against BTC?
The massive BTC/ETH liquidity pairing pegs them to each other where price is concerned.
This cycle, a large percentage of Bitcoin's steam was cannibalized by custodial entities like FTX and Celsius stealing money from Bitcoin onboards and redirecting it to yield farms and leveraged trading on the ETH chain.
I would be careful about extrapolating too much from data produced during a sabotaged BTC cycle.