I have heard that some high net worth individuals are unloading all their BTC for ETH.
Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.
However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.
Do you think its a good idea to hold more ETH than BTC rn?
Never heard any of it nor reads any news that some high net worth individuals are dumping Bitcoin in exchange for Ethereum. It must be the other way around since Bitcoin is in bull run why would someone dump it all of a sudden when in fact they can get more profit in Bitcoin during this bull trend?
I suggest hold/buy Bitcoin because you can choose to hold it for long term or short term depends on what are you going to plan on it or invest in both just to diversify your investment in case it goes sideways. The choice will always depends on you.