Within the last 48 hours:
 1 Texas senate approving a state reserve of crypto assets with a market cap over $500B (read: BTC only, huge first mover advantage)
The president signs an EO explicitly stating Bitcoin is in its own class as a reserve asset versus the other tokens as only Bitcoin has the ability to be added to in a tax neutral way.
2 The takeaway is this is good for Ethereum because theres no BTC narrative left? The narrative is continued normalization of entities owning BTC as part of their portfolio. This is ETFs all over again, BTC is gonna suck up all the hype and by the time ETH is even considered it’s going to be fighting for scraps. The only voice in our corner yesterday was probably Coinbase indirectly helping Ethereum by shilling BASE L2 and USDC