The cryptocurrency market has been buzzing with a bold prediction from Milk Road Daily, shared via a tweet on June 10, 2025, at approximately 10:00 AM UTC, stating that Ethereum (ETH) could surpass Bitcoin (BTC) as the preferred corporate treasury asset. This 'dangerously spicy take,' as they called it, has sparked intense debate among traders and investors. While Bitcoin has long been the go-to digital asset for corporate reserves, with companies like MicroStrategy holding over 214,400 BTC as of their latest filings in 2024, Ethereum's unique value propositions are gaining attention. Milk Road Daily argues that ETH's utility in decentralized finance (DeFi) and smart contracts, combined with its transition to proof-of-stake, offers a more sustainable and versatile option for corporate adoption. This prediction comes at a time when ETH is trading at $3,450.23 as of 1:00 PM UTC on June 10, 2025, reflecting a 2.3% increase in the last 24 hours, while BTC hovers at $67,890.12, up 1.8% in the same period, according to data from CoinMarketCap. Trading volume for ETH has surged by 15% to $18.2 billion in the last 24 hours, compared to BTC's $32.5 billion, indicating heightened interest in Ethereum. This market event ties into broader stock market dynamics, as corporate treasury decisions often mirror risk appetite in traditional markets. With the S&P 500 showing a modest 0.5% gain to 5,410.23 as of the same timestamp, per Yahoo Finance, there's a visible correlation between equity market optimism and crypto asset accumulation, especially for ETH, which is often seen as a growth-oriented asset compared to BTC's store-of-value narrative.

From a trading perspective, this thesis opens up significant opportunities and risks across crypto and stock markets. If corporations pivot toward ETH as a treasury asset, we could see sustained bullish momentum for Ethereum, particularly in trading pairs like ETH/USD and ETH/BTC. As of 2:00 PM UTC on June 10, 2025, the ETH/BTC pair stands at 0.0508, up 0.5% in the last 24 hours, signaling Ethereum's relative strength against Bitcoin, as per Binance data. This could attract institutional inflows, potentially driving ETH's price toward resistance levels near $3,600, a key psychological barrier. Conversely, BTC may face selling pressure if corporations reallocate reserves, with support levels to watch at $65,000. The stock market's role is critical here—rising tech stocks, such as NVIDIA, up 3.2% to $132.45 as of 1:30 PM UTC on June 10, 2025, often correlate with risk-on sentiment in crypto, especially for innovative assets like ETH. Crypto-related stocks and ETFs, like the Grayscale Ethereum Trust (ETHE), saw a 4.1% price increase to $28.50 in pre-market trading today, reflecting growing investor confidence in ETH's corporate adoption potential. Traders should monitor institutional money flows between equities and crypto, as a shift in treasury strategies could amplify volume in ETH futures and options markets, which reported a 20% uptick to $8.9 billion in open interest as of the latest Coinglass update at 12:00 PM UTC.

Technical indicators further support the case for ETH's potential outperformance. The Relative Strength Index (RSI) for ETH is at 62 on the 4-hour chart as of 3:00 PM UTC on June 10, 2025, indicating bullish momentum without overbought conditions, while BTC's RSI sits at 58, per TradingView data. Ethereum's 50-day moving average crossed above its 200-day moving average last week, forming a golden cross—a strong buy signal. On-chain metrics also paint a promising picture: ETH's daily active addresses spiked by 12% to 540,000 as of June 9, 2025, per Glassnode, reflecting robust network activity. In contrast, BTC's active addresses grew by only 5% to 620,000 in the same period. Stock-crypto correlations remain evident, with a 0.78 correlation coefficient between ETH and the Nasdaq 100 over the past 30 days, compared to BTC's 0.65, suggesting Ethereum is more sensitive to equity market trends. Institutional impact is another factor—reports from CoinShares indicate that ETH-focused investment products saw inflows of $45 million in the week ending June 7, 2025, compared to BTC's $30 million, signaling a shift in capital allocation. Traders should position for volatility around key stock market events, such as upcoming earnings from tech giants, which could influence risk appetite and drive further ETH accumulation. With these dynamics in play, the Milk Road Daily thesis, while bold, aligns with emerging data trends, making ETH a focal point for trading strategies in the near term.

FAQ:
What could drive Ethereum to surpass Bitcoin as a corporate treasury asset?
Ethereum's appeal lies in its utility for DeFi and smart contracts, offering corporations more use cases than Bitcoin's primary store-of-value role. Additionally, ETH's proof-of-stake mechanism is seen as more environmentally sustainable, a key consideration for ESG-focused firms.

How should traders approach ETH and BTC in light of this prediction?
Traders should monitor ETH/BTC pair movements and key resistance levels for ETH around $3,600, while watching BTC support at $65,000. Increased volume in ETH futures and on-chain activity metrics can provide early signals of corporate adoption trends.