Standard Chartered: "Strategy's BTC Sell-off, Signal for 'Ethereum Counterattack'"
Investment bank Standard Chartered recently analyzed that Strategy's sale of Bitcoin (BTC) is the starting point of a massive capital rotation where Ethereum (E
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- Investment bank Standard Chartered recently analyzed that Strategy's sale of Bitcoin (BTC) is the starting point of a massive capital rotation where Ethereum (E
Investment bank Standard Chartered recently analyzed that Strategy's sale of Bitcoin (BTC) is the starting point of a massive capital rotation where Ethereum (ETH) will overwhelm Bitcoin's rate of return.
According to CoinDesk, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, pointed out that since the news of Strategy's sell-off broke, Ethereum has shown relative strength, outperforming Bitcoin by more than 5%. He diagnosed this as 'the dawn of a structural reversal.'
In particular, Head of Research Kendrick projected that the ETH/BTC ratio will rise to 0.04 BTC by the end of this year. This means that Ethereum will record a return rate (outperformance) at least 40% higher than that of Bitcoin.