Is Ethereum About to Overtake Bitcoin? Mike Novogratz Thinks So

Galaxy Digital CEO Mike Novogratz recently suggested that Ethereum could soon outperform Bitcoin, thanks to growing institutional interest, favorable macroeconomic conditions, and increasing capital inflows. According to him, Ethereum is entering its moment — and may become the leader of the next crypto rally.

🔹 Institutions Are Betting on ETH — And They’re Not Alone

In an interview with CNBC, Novogratz said that the market is currently “hungry” for Ethereum. The supply is shrinking, while fresh capital keeps flowing in. Two major companies are already actively buying ETH, and others are joining. One of them is SharpLink Gaming, which now holds over 360,000 ETH. “There’s a supply shortage and rising demand — that’s a recipe for price growth,” said Novogratz. He emphasized that this isn’t just retail speculation anymore — serious institutional players with billion-dollar budgets are entering the scene. ETFs have brought new money into the space, rekindling investor interest in Ethereum as both a technology and an investment asset.

🔹 Ethereum as a Growth Asset — Bitcoin as Stability

“Bitcoin is strong, but it’s stable. Ethereum has more room to grow,” Novogratz said, adding that although he personally holds both coins, he currently sees more upside in ETH if it breaks through key resistance levels.

🔹 Macroeconomics Are Working in Crypto’s Favor

He also pointed to broader economic trends: yield curves, inflation, and political pressure on the Fed. Novogratz believes the U.S. government wants to ease monetary policy before the elections and is pushing for rate cuts. At the same time, China is launching its own stimulus efforts, creating a strong environment for the growth of risk assets — including Ethereum. “Unless Trump changes his tone and starts advocating tighter policies, the macro background will remain bullish for crypto,” he noted.

🔹 Tariffs, Inflation, and Capital Inflows Boost ETH’s Outlook

Novogratz also mentioned that new import tariffs could drive prices higher and further push investors toward digital assets. He pointed to increasing foreign investments and expected growth in capital expenditures, which could boost GDP and inflation. While he still believes Bitcoin could reach $150,000 if current trends hold, he sees Ethereum as the top contender to lead the next bull market.

🔹 BlackRock’s Ethereum ETF Breaks Records

Novogratz’s prediction is already partially playing out — BlackRock’s Ethereum ETF has surpassed the $10 billion mark. This makes it the third-fastest ETF in history to reach that milestone, trailing only the IBIT and FBTC Bitcoin ETFs. Ethereum is already gaining momentum. In the last 24 hours, it’s up 2.19% and currently trading around $3,720.

#Ethereum , #ETH , #bitcoin , #CryptoNews , #CryptoMarketMoves

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