Standard Chartered's Geoffrey Kendrick predicts a strong performance for ether as market dynamics shift.
Geoffrey Kendrick from Standard Chartered has suggested that ether (ETH) could potentially outperform bitcoin (BTC) by over 40%, following the recent sale of BTC by Strategy (MSTR). The sale, which involved a liquidation of $68,637.32, marks Strategy's first BTC sale since 2022 and has sparked discussions about significant changes in the cryptocurrency market.
On the day of the BTC sale announcement, ether demonstrated notable strength, outperforming bitcoin despite an overall decline in the cryptocurrency market. Kendrick noted that since the announcement, ETH has appreciated by 5% relative to BTC, which he views as a positive indicator of ether's future performance.
Historically, ether has struggled against bitcoin, particularly after Ethereum's transition to a proof-of-stake system in September 2022, which saw ETH decline by 66% against BTC. However, Kendrick pointed out that ether has rebounded by over 60% from its lows recorded in April 2025, suggesting a potential recovery.
