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!
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!
There is no doubt that Bitcoin's future will be bright. Why would you think otherwise? Neither ETH nor any of the zillions of cryptocurrencies trading on the market will be able to beat BTC in terms of market cap and price. It's the one cryptocurrency that started it all!
With a limited supply of 21m coins, you can bet BTC will remain the dominant force of the market forever. Ethereum ETFs will never come close to Bitcoin ETFs in terms of market valuation. Not now nor in another century. I'd imagine companies filing ETF applications for other cryptocurrencies once ETH and SOL ETFs become a huge success. It's "Wall Street's" game now, isn't it?
