Standard Chartered analyst says MSTR bitcoin sale could trigger ether outperformance over bitcoin
By
Krisztian Sandor
6h ago· 4 min readenInsight
90/100
Golden Brown
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Kettled twice. Extra chewy, extra trustworthy.
Score90TypeanalysisSentimentneutral
Summary
Standard Chartered's head of digital asset research, Geoff Kendrick, suggests that Strategy's (MSTR) first bitcoin sale since 2022 could signal a market shift favoring ether (ETH) over bitcoin (BTC). ETH has already outperformed BTC by 5% since the announcement, and Kendrick projects ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations.
Key quotes
· 3 pulledStrategy's (MSTR) first bitcoin sale since 2022 may have been tiny relative to its massive $58 billion holdings, but the market's reaction could signal a broader shift in crypto markets
ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations
Since Monday, ETH has appreciated 5% relative to BTC
ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.
