{"id":274886,"date":"2025-07-19T14:04:10","date_gmt":"2025-07-19T14:04:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/274886\/"},"modified":"2025-07-19T14:04:10","modified_gmt":"2025-07-19T14:04:10","slug":"ethereum-will-be-a-larger-asset-than-bitcoin-ey-blockchain-lead","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/274886\/","title":{"rendered":"Ethereum will be a larger asset than Bitcoin – EY blockchain lead"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaway<\/strong><\/p>\n

Market pundits now expect ETH to flip BTC amid several bullish catalysts. Options data showed traders were betting ETH could surge above $4K by July and tag $5K by December.\u00a0<\/p>\n

There is a growing consensus amongst Wall Street players that Ethereum [ETH]<\/a> could flip Bitcoin [BTC]<\/a> and get to the top crypto spot.\u00a0<\/p>\n

In a recent interview with CNBC, Paul Brody, Ernst & Young\u2019s (EY) global blockchain lead, echoed a similar stance and said<\/a>,\u00a0<\/p>\n

\n

\u201cEther will be a larger asset than Bitcoin.\u201d<\/p>\n<\/blockquote>\n

ETH\u2019s outlook: Short-term vs. long run<\/p>\n

He added that they expected a \u2018stampede\u2019 as more enterprises and banks adopt ETH and incorporate it into treasuries after the GENIUS Act was signed into law.\u00a0<\/p>\n

Citing the tokenization trend that has already begun with Robinhood announcing its L2 on ETH, Brody noted<\/a> that all these will drive network activity and drive ETH past BTC.\u00a0<\/p>\n

\n

\u201cBecause ETH is the power of all these transactions (tokenization) in the Ethereum ecosystem, it will drive tremendous demand for ETH to a much larger asset than Bitcoin.\u201d<\/p>\n<\/blockquote>\n

His statement on ETH treasury<\/a> demand is already playing out, with over $6 billion in ETH held by firms.\u00a0<\/p>\n

SharpLink Gaming, led by Consensys and Ethereum co-founder Joseph Lubin and BitMine, spearheaded by Tom Lee, has crossed<\/a> the $1 billion mark in ETH treasury in less than three months.\u00a0<\/p>\n

\"Ethereum<\/a><\/p>\n

Source: Strategic ETH Reserve\u00a0<\/p>\n

In particular, BitMine has 300.7K ETH and plans to buy 5% of the overall ETH supply, or 6 million ETH, to ramp up staking rewards and capture the expected stablecoin and tokenization booms.\u00a0<\/p>\n

ETH\/BTC ratio suggests\u2026<\/strong><\/p>\n

Since the Bitcoin DeFi is still nascent and Ethereum has a strong lead in this front, this could also set ETH for outperformance in the long run.\u00a0<\/p>\n

That said, ETH has seen renewed bullish market sentiment from Q2, triggering capital rotation from BTC to ETH, per the ETH\/BTC ratio.\u00a0<\/p>\n

\"Ethereum<\/a><\/p>\n

Source: X<\/p>\n

The ratio tracks ETH\u2019s relative price performance to BTC. It dropped to a 5-year low of 0.017, but has recovered 72% to 0.030. <\/p>\n

In other words, between May and July, ETH investors made over 70% more than BTC holders.\u00a0<\/p>\n

Whether the recovery will continue in the long term as Wall Street expects remains to be seen. However, the short-term market interest was heavier on ETH than BTC.<\/p>\n

In fact, on the speculative side, Coinbase analysts noted<\/a> that ETH\u2019s perpetual volume was nearly double BTC in the past 24 hours, primarily driven by basis trade.\u00a0<\/p>\n

\n

\u201cPerpetual-swap data showed Ethereum trading ~$106B yesterday (~37% of the global market and nearly twice BTC), while open interest across perps, term futures, and options for ETH hit a record high.\u201d<\/p>\n<\/blockquote>\n

\"Ethereum<\/a><\/p>\n

Source: Laevitas<\/p>\n

ETh traded at $3.56K as of press time. So, what\u2019s next for ETH in the short term? <\/p>\n

Sean Dawson, head of research at crypto derivative platform Derive, stated that Option traders expect a sharp move above $4K by July 25.\u00a0<\/p>\n

Dawson added<\/a> that the odds of ETH surging above $4K by the end of July were up 14%. For $5K price target by the end of 2025, the chance was up 27%.\u00a0<\/p>\n

\n

\u201cWith macro tailwinds, falling rates, and ETF momentum aligning, the back half of 2025 is setting up to be Ethereum\u2019s strongest in years.\u201d<\/p>\n<\/blockquote>\n

Still, some traders were not taking any chances and hedged for any potential retracement in the short term, added Coinbase.\u00a0<\/p>\n

\n

\u201cETH 25D put-call skew (30-day) is slightly positive (+0.95%), suggesting some investors are still seeking downside protection on ETH for the very short term.\u201d<\/p>\n<\/blockquote>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Ethereum Classic soars 17% \u2013 What\u2019s fueling ETC\u2019s 6-month high?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaway Market pundits now expect ETH to flip BTC amid several bullish catalysts. Options data showed traders…\n","protected":false},"author":2,"featured_media":274887,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-274886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114880280446462899","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=274886"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/274887"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=274886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=274886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=274886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}