What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.
According to research note published by CryptoSlate.
The exchange, citing various data such as options skewness, portfolio adjustments and whale stocks, noted that the launch of the ETF is likely to boost the long-term price of Ethereum.
And as such investors are selling bitcoin in their possession, to acquire Ethereum and I begin to doubt the future of bitcoin!
I do not see this happening, maybe you can add more details to this claim of investors shifting to Ethereum and ditching Bitcoin. How can this even happen when Bitcoin have increased its market dominance to over 53% just recently; this simply means there is more interest in Bitcoin now than ever. If you also recur that Bitcoin ETF was just approved, you will understand why there is more interest and confidence in Bitcoin than Ethereum.
I have not seen any response of the Ethereum price to the massive buy you are trying to convince us to believe, ETH is just following the path of BTC as usual so your concerns might just be unnecessary distractions.