Altcoins News

Story: Standard Chartered’s Geoffrey Kendrick Sees Ethereum Beating Bitcoin by 40% This Year

By Evie Vavasseur

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The Staking Edge Standard Chartered Keeps Pushing. The staking argument isn't new, but Kendrick is leaning into it harder than most sell-side analysts.

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Bitcoin Hyper Raises $32.7 Million Targeting Ethereum's Turf. On the Bitcoin side, there's a project trying to close the gap.

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Ethereum is losing ground in dollar terms. But against Bitcoin, the picture looks very different right now.

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Geoffrey Kendrick, head of digital assets research at Standard Chartered, thinks Ethereum is quietly setting up for a major run relative to Bitcoin.

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The ratio sat at 0.028 when Kendrick published his view — down sharply from a peak of 0.042. He wants it back to 0.

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The market, per Kendrick, is still catching up to this distinction. Slow adaptation to a structural edge is basically an opportunity, and he seems to think Ethereum holders who…

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Not everyone will buy the bull case cleanly. A broad risk-off move could drag both assets lower, and Kendrick didn't shy away from the downside scenario.

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See also: Polymarkets $80M Strategy Bitcoin Bet Triggers Final Dispute Over 32 BTC Sale Timing

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On the Bitcoin side, there's a project trying to close the gap. Bitcoin Hyper is building yield-generating infrastructure on top of Bitcoin by integrating Solana Virtual Machine…

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The presale raised $32.7 million. Early participants are being offered an annual percentage yield of 36%.

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Whether Bitcoin Hyper actually reshapes how the market thinks about Bitcoin's utility is unclear yet. Presale momentum doesn't always translate into sustained protocol adoption.

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More context: BITmarkets Claims 44.51% Bitcoin Gains as AI Beats Buy-and-Hold by 30 Points

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Kendrick's broader comparison — likening Ethereum's current position to Amazon's recovery after the dot-com crash — probably won't land with everyone.

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The ETH/BTC ratio at 0.028. The $2,700 short-term target. The $32.7 million already in Bitcoin Hyper's presale. Those are the numbers worth watching.

The Currency Analytics

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