Never heard anyone advocate for Nvidia's market value to exceed that of gold, but in the crypto world, you can hear that Ethereum will surpass Bitcoin. Is there really a lot of room above for Ethereum?

Bitcoin is benchmarked against gold, while Ethereum is benchmarked against tech companies. The world's largest asset, gold, and the world's largest market cap company, Nvidia, differ by about 5 times, while the market cap difference between Bitcoin and Ethereum is 4.6 times. This already says a lot; Ethereum can only reach its historical peak of $4800, unable to escape major economic laws.

Gold: Market cap approximately $23.222 trillion.

Nvidia: Market cap approximately $4.455 trillion.

Bitcoin: Market cap approximately $2.35 trillion.

Ethereum: Market cap approximately $508.6 billion.

Gold / Nvidia ≈ 5.21 times ($23.222 / $4.455)

Bitcoin / Ethereum ≈ 4.62 times ($2.35 / $0.5086)