What needs to happen for the flippening and is it possible at all?

Everybody probably knows this but for those who dont the flippening is a theory where ETH surpasses BTC in market cap. Lots of people believe this is technically possible – But for this to happen some indicators have got to be in Ethereums favor

EIP-4844 – proto-danksharding – dropped transaction costs and boosted Layer 2s potential to scale. Arbitrum, Optimism and recently even Base are getting more volume and all of this will make Ethereum dominate decentralized exchanges – It could double its current DEX volume relative to the mainnet

Following up on the Layer 2 topic – Ethereum keeps growing through its Layer 2 chains. Its possible that Layer 2s can handle more value and transactions than the mainnet in the future – But wouldnt that have a negative impact on the mainnet?

All things considering Bitcoin is still the favorite of institutional investors even though Ethereum has dominance in Defi and NFTs. ETH has outperformed BTC in terms of price growth in some cycles and it can probably do it agan – But long term not sure if it can actually flip BTC so I would like to read some insights. Not trying to attract maxis from either side – Just here to learn and read different opinions