**[Standard Chartered Bank: Strategy's Bitcoin Sale May Signal the Beginning of ETH Outperforming BTC]** BlockBeats News, June 2 — Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that Strategy's recent move to sell Bitcoin could mark the start of a new strong cycle for Ethereum relative to Bitcoin. Although Strategy sold only 32 Bitcoins at the end of May, accounting for approximately 0.004% of its 843,700 BTC holdings—a "negligible" amount—the market's reaction to this move is worth noting. Kendrick believes, "Yesterday might have been the starting point for ETH to begin outperforming BTC." This perspective aligns with Kendrick's research report published last week. He compares the current state of Ethereum to Amazon during the aftermath of the 2001 dot-com bubble burst, suggesting that despite ETH's relatively weak price performance recently, the core fundamentals of the Ethereum ecosystem continue to improve. These improvements include growth in areas such as stablecoins, real-world asset (RWA) tokenization, and decentralized finance (DeFi). Based on this analysis, Kendrick maintains his long-term optimistic outlook, predicting that ETH's price will reach $4,000 by the end of 2026 and rise to $40,000 by the end of 2030. He believes that as Ethereum's importance in stablecoin settlements, asset tokenization, and on-chain financial activities continues to grow, its long-term value is likely to be further unlocked. [Original Link]