There is a good reason; Bitcoin has a known supply and is a financial constant. To serve the ‘world’ the money supply in bitcoin has to increase in USD terms. T

There is a good reason; Bitcoin has a known supply and is a financial constant. To serve the ‘world’ the money supply in bitcoin has to increase in USD terms. Think of the market cap as the money supply of bitcoin in USD terms. In a simple model, one would expect the price to increase proportional to what it is at a given moment due to the rate of new people learning about it and passing on knowledge. On a long term trend an exponential model is a good proxy so far. Why is BTC going up and ETH not? This is purely mean reversion on the ETHBTC ratio. Look at momentum indicators on the ratio and the recent breach of the 200day after multiple lower bounces off it. ETH was up 50x at one point this year, you need to factor that in also.