A new analysis from Goldman Sachs suggests that Ethereum "appears to be the cryptocurrency with the highest potential for actual use," predicting that its value could eventually surpass Bitcoin. The advantages of Ethereum include its ability to run applications like DeFi protocols. (Goldman Sachs also predicted that England would win the final of the 2020 European Championship 😊 So just take the predictions as gossip.) It is worth noting that the narrative of Ethereum surpassing Bitcoin (i.e., the "flippening") typically emerges in the later stages of a crypto bull market, at least in previous cycles: For example, reports from early 2018 emphasized that Ethereum's actual applications could lead to its market cap exceeding that of Bitcoin. Again, in the late stages of the 2021 bull market (around September to November), Bitcoin rose from $30,000 to $69,000, but Ethereum, driven by the DeFi and NFT boom, saw its ETH/BTC ratio increase from 0.05 to 0.08. The narrative surged before and after the peak of the bull market, emphasizing that Ethereum's "Merge" upgrade would make it more efficient and environmentally friendly, potentially achieving the flip. In April 2022 (just before the transition from bull to bear), there were posts claiming that Ethereum's revenue was 40 times that of Bitcoin, and that the flip was just a matter of time; In September 2022 (after the Merge), Nasdaq reported that Ethereum was "on track to flip Bitcoin," reflecting the typical pattern of altcoin narratives in the later stages of a bull market. It is important to be cautious as the "flip narrative" often amplifies in the later stages of a bull market due to the onset of altcoin season. However, history shows that actual flips have never occurred, only cyclical optimism. To quote something I just saw, it's just about trading a coin, so don't take it too seriously. In the latter half of the bull market, if altcoin season comes, be brave and ride the wave; if you make money, cash out in time and buy Bitcoin. Take the advice!