Executive Summary The article argues that, as U.S. crypto policy accelerates and the financial narrative shifts, ETH—thanks to its yield-bearing nature, institutional “grab-everything” demand, and its role as the settlement layer for stable-coins and real-world assets (RWAs)—will surpass Bitcoin in market-cap over the next 1–2 bull-bear cycles.1. Un-staking Headlines Are Noise Daily withdrawals are capped at 57 600 ETH, yet only about 15 days of backlog exist (873 k ETH). Treasury-style compa...

Executive Summary The article argues that, as U.S. crypto policy accelerates and the financial narrative shifts, ETH—thanks to its yield-bearing nature, institutional “grab-everything” demand, and its role as the settlement layer for stable-coins and real-world assets (RWAs)—will surpass Bitcoin in market-cap over the next 1–2 bull-bear cycles.1. Un-staking Headlines Are Noise Daily withdrawals are capped at 57 600 ETH, yet only about 15 days of backlog exist (873 k ETH). Treasury-style compa...