His title is deserved but a bit tenuous due to no track record of consistent world beating performances. If he goes on the DL circuit and gets beaten badly in his first races as Olympic champ it further diminishes his title. Risky when he can stay home and be celebrated.
People say theres room for many chains to exist. It is true to an extent but just look how much the gap keeps widening as $ETH pulls away from the rest and closes in on BTC.
The future is clearly favouring the Ethereum network and the market is finally starting to realise it