I guess speculation gives it a lot of value, along with the max supply of 21 million, being the first crypto and blockcain and already considered as a store of value by many around the world. It doesn't do anything real world though...well, at least not much. My take is that ETH has way more use cases than BTC has, but the greyscales and others prefer BTC and this time it's institutional money that dictate the price.
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You know the more I get into thinking about it, the more I'm a BTC fan - It's got that mystique - when I look at ETH I just think HIVE is better.
I still have a fair bit of ETH though - it does have that cross-chain thing going on, although RUNE could blow that out of the water.
I am into diversification, but I I'm leaning more and more towards MORE Bitcoin, not 100% more, but certainly more than 50% of what I'll buy from now on.
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i see bitcoin maximalism in here :)
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I've heard the concept but never really explored that crowd - I don't think I can be classified as one - not when my combined stake in Hive is larger than BTC!
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