BlackRock has set the record straight: bitcoin is an alternative to global money, and Ethereum is a "game" on blockchains.
In other words: BTC is money. Everything else is speculation.
And this is an interesting point. If the largest asset manager in the world sees bitcoin as a risk-free asset, then its role in the financial system has already changed. It's not just digital gold — it's a new reserve currency.
Ethereum and the rest of the crypto market (Risk On) are technologies that can take off or disappear, but bitcoin remains the base.