Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, suggests that buying Ethereum and Bitmine shares before the weekend could be advantageous. Despite recent declines, Ethereum's momentum remains strong, bolstered by the Fusaka upgrade in December, which has led to record transaction volumes on the network. Bitmine, the largest corporate holder of Ethereum, continues to accumulate the cryptocurrency, further supporting its value.
Kendrick also highlights favorable macroeconomic conditions, including reduced Greenland-related tariff risks, a recovery in the Japanese bond market, and speculation that Rick Rieder of BlackRock might become the next Federal Reserve Chairman. These factors contribute to a positive outlook for risk assets, making Ethereum and Bitmine attractive investments with a good risk-reward ratio.
Standard Chartered's Geoff Kendrick Sees Ethereum, Bitmine as Strong Weekend Buys
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
