I have heard that some high net worth individuals are unloading all their BTC for ETH.
Never invest in anything that will only comes from Hearsay mate , it must be a well researched coins that we will be buying.
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.
So what happens now ? 10 days after does ETH shows proof of outperforming Bitcoin ? i see nothing but Ethereum is still like a Bitcoin Tail that will never increase value if bitcoin did not move up.
However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.
Manipulation is what you are pointing here ? actually the whales keeps on doing this in the past but i don't think they can still do this now since the Value and supporter of Bitcoin is really up high .
Do you think its a good idea to hold more ETH than BTC rn?
NO IT"S NOT , so DON"T EVER THING ABOUT IT .