In the long-run, the biggest threat to Btc is not ETH

It's CryptoPunks

Both were first mover NFTs whose value is largely derived from the mimetic value of being first

Btc advantages

- First blockchain

- First memecoin

- Satoshi's premine likely gone forever

CryptoPunks advantage

- Better scarcity (10k v 21m)

- Guaranteed supply cap vs Btc's hopes and prayers supply cap

- Can be used as profile pic, thus a Veblen good

How long until the market cap of CryptoPunks flips Btc?