the unique value of ETH doesn't come from it being an asset with a cult-like following

its value comes from being the most liquid and minimal trust-assumption asset

on the most credibly neutral, programmable blockchain. the one which effectively invented this category of chain

this is something BTC can't do

and this remains the unique value proposition for ETH in a market with more centralized chains

which is why ETH trades at marketcap multiples of the competition, even if VC-oors can't figure out why this is the case