{"id":9581,"date":"2026-06-03T08:19:58","date_gmt":"2026-06-03T08:19:58","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9581"},"modified":"2026-06-03T08:19:58","modified_gmt":"2026-06-03T08:19:58","slug":"strategys-bitcoin-sale-could-signal-start-of-ether-outperformance","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9581","title":{"rendered":"Strategy’s Bitcoin Sale Could Signal Start of Ether Outperformance"},"content":{"rendered":"

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  • Standard Chartered analyst Geoffrey Kendrick argued that Strategy\u2019s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC.<\/span><\/li>\n
  • Kendrick expects the ETH-BTC ratio to rise to 0.04 by the end of 2026 from about 0.028, implying Ethereum could outperform Bitcoin by more than 40% whether prices rise or fall.<\/span><\/li>\n
  • He maintained long-term ETH targets of US$4,000 by end-2026 and US$40,000 by 2030, citing ETH\u2019s growing role in stablecoins, tokenised assets and decentralised finance.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Standard Chartered analyst Geoffrey Kendrick said Strategy\u2019s recent sale of 32 Bitcoin may mark the start of a period in which Ethereum (ETH) outperforms BTC, pointing to ETH\u2019s resilience while Bitcoin slid in the days after the disclosure.<\/p>\n

    \u201cI see [Monday] as being the start of ETH outperformance versus BTC,\u201d Kendrick stated, framing the call around the relative strength Ether showed as Bitcoin fell back below US$66,000 (AU$92,400).<\/p>\n

    Related: Strategy\u2019s Surprise Bitcoin Sale Throws $20M Polymarket Bet Into Chaos<\/strong><\/p>\n

    A View on the Ratio<\/h2>\n

    Kendrick expects the ETH-BTC ratio, a gauge of ETH\u2019s price relative to Bitcoin, to climb to 0.04 by the end of 2026 from around 0.028. That shift would imply ETH outperforming Bitcoin by more than 40%, he argued, regardless of whether both assets move higher or lower together.<\/p>\n

    The view should be read as the analyst\u2019s own assessment rather than a guaranteed outcome. Kendrick maintained longer-term ETH price targets of US$4,000 (AU$5,600) by the end of 2026 and US$40,000 (AU$56,000) by the end of 2030, citing ETH\u2019s expanding role in stablecoins, tokenised real-world assets and decentralised finance activity.<\/p>\n

    Central to the thesis is a structural contrast between corporate treasuries built on the two assets. Kendrick argued that Bitcoin treasury companies may be forced to sell holdings to cover expenses, as Strategy\u2019s disclosure illustrated, while Ether treasury firms can stake their tokens for roughly 3% annualised yield, generating income without liquidating assets.<\/p>\n

    That distinction matters because forced selling by large holders can weigh on price during downturns. Strategy\u2019s 32 BTC sale was negligible against its reported 843,706 BTC, worth roughly US$58 billion (AU$81.2 billion), but Kendrick framed the move as a signal: even the most committed corporate Bitcoin holder had reasons to part with coins, whereas a yield-bearing asset gives treasuries an alternative to selling.<\/p>\n

    Kendrick has previously compared ETH\u2019s position to Amazon\u2019s during the 2001 dot-com downturn, contending that Ethereum\u2019s underlying network metrics keep improving even when its price lags.\u00a0<\/p>\n

    Read more: JPMorgan: Bitcoin, Gold \u2018Debasement Trade\u2019 Losing Steam as ETF Outflows Rise<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Ethereum,Standard Chartered#Strategys #Bitcoin #Sale #Signal #Start #Ether #Outperformance1780474798<\/p>\n","protected":false},"excerpt":{"rendered":"

    Standard Chartered analyst Geoffrey Kendrick argued that Strategy\u2019s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC. Kendrick expects the ETH-BTC ratio to rise to 0.04 by the end of 2026 from about 0.028, implying Ethereum could outperform Bitcoin by more than 40% whether prices rise<\/p>\n","protected":false},"author":1,"featured_media":9582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,1165,4757,1449,278,2233,921],"class_list":["post-9581","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-ether","tag-outperformance","tag-sale","tag-signal","tag-start","tag-strategys"],"yoast_head":"\nStrategy's Bitcoin Sale Could Signal Start of Ether Outperformance - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9581\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy's Bitcoin Sale Could Signal Start of Ether Outperformance\" \/>\n<meta property=\"og:description\" content=\"Standard Chartered analyst Geoffrey Kendrick argued that Strategy\u2019s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC. 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