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BTC also underperformed DeFi significantly. You are comparing two vastly different risk/reward profiles here. The app layer is much riskier and much more volatile than BTC or ETH. I hold a large ETH stack because I believe ETH will outperform BTC in a bull market - simple!
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I see what you mean. Looking for outperformance in equity>commodity, seeing btc the king of SOV Interesting What do you think of this thesis: The king SOV absorbs capital in risk-off, but redistributes in risk-on from bull New capital appreciates smaller tokens faster than BTC
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