Staking rewards vs zero rewards, this logic really hits hard.

Banking界 News, Standard Chartered Bank's Digital Asset Research Director Geoff Kendrick stated that Strategy's recent sale of a small amount of BTC may indicate that ETH is beginning to outperform BTC. He believes that the key is not the scale of this sale, which is only about $2.5 million, but that Bitcoin treasury companies do not generate income from BTC itself, and in the future, they may need to sell coins or seek financing to cover expenses and debts. Kendrick said that ETH treasury companies can earn income through staking, so they are less likely to sell their underlying assets under financial pressure. He predicts that the ETH/BTC exchange rate will rise from the current approximately 0.028 to 0.04 by the end of the year, meaning ETH could outperform BTC by over 40%.