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 just read the article -
https://cryptoslate.com/blofin-believes-spot-ethereum-etfs-will-drive-short-term-surge-in-eth-prices/And this article does not say anything which can support your statements. Some investors may switch to ETH. It's a personal preference of investment. Do you have any data to show that investors are selling their bitcoin to acquire ETH?