Excess liquidity in the system. That's happening again imminently. If Kamala wins, we'll have PRINTER GO BRRRRR. If Trump wins, on top of that, we will have CRYPTO GO BRRRRO.
The way it has worked historically is that BTC is pushed up and to the right by all that monetary debasement, and when investors kind of get tired of it, it overflows to ETH and the others. I believe that given those conditions, it will happen again, because that's a behavior that stems from human nature and psychology themselves.
The reason why ETH will outperform BTC is simply that it's market cap is smaller. So it can do larger percent gains with a smaller cash inflow.
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