If you follow Jim Cramer, you know he claimed to have sold most of his Bitcoin and paid off his house not too long ago. Cramer had a couple of reasons for getting out of Bitcoin including his technical analysis of it holding at 30,000 and China’s crackdown on mining.

Cramer’s says he is now high on ethereum and says he is going to continue to buy the crypto.  Now, he does not disclose how much he is buying or if it is a big position for him, but he does indicate this it is his crypto of choice moving forward. His thought process is pretty simple, though. Cramer says Ethereum is more of a currency than bitcoin.  Cramer says people want their transactions in ether from what he sees, and this makes it the most viable option when looking forward.

Now, this should be understood in the context that Cramer sold half his ether holdings in May, so with this buying he could still be in for less than he was a few months ago.

For me, I have long said that bitcoin will be a storage of wealth.  Similar to gold, but, with more of an upside.  Bitcoin has the prestige of being first, but, with being first means that others may come out an do it better.  Ethereum is still trending to be the crypto that will be bought and used for its utility.

I am not alone in this thought process, see the following quote from Ian Balina, founder and CEO of Token Metrics:

"We think bitcoin is overrated. We think bitcoin had the first-mover advantage. But in terms of long-term technology, we think ethereum will surpass bitcoin because if you look at developers, all the developers now are pretty much using ethereum. Ethereum has 10 times more monthly active developers than bitcoin. Bitcoin is really now, purely, in my opinion, just a digital store value, digital gold, and I view ethereum as the next internet as Web3.

A couple of other thoughts from people smarter than me:

"As bitcoin loses its historic market dominance, the currency of the 'world's computer' is starting to fly, showing hints of the decoupling long predicted by ether bulls," Tim Frost, CEO of Yield App

"The utility will ultimately trump a store of value asset, but I think that's a little bit away. We do have bitcoin to thank for being the first to spark interest. But on etherum there's a lot of development - DeFi and NFT. Ultimately we get past the single functionality store value that is bitcoin and we get into a world where there are greater use cases - and that always trumps a single function which is an asset or a storage value." - John Wu, President of Ava labs

One final thought, that is mine. Once ether and other cryptos de-couple themselves from bitcoin's pricing, that is when we will truly see what is the dominate force in the future. As long as the pricing of the major players follow suit with whatever happens with bitcoin, bitcoin will remain the benchmark.