In a recent appearance on CNBC, prominent crypto advocate Mike Novogratz expressed his views on the increasing institutional demand for Ethereum and its potential over the coming months.
Growing Demand for Ethereum
Novogratz pointed to the growing institutional demand for Ethereum as a key factor behind its recent price surge, suggesting that this trend may just be beginning.
Corporate Strategies and Ethereum
According to Novogratz, several public companies are adopting a strategy similar to that previously employed by MicroStrategy, but instead of accumulating Bitcoin, they are now focusing on Ethereum. This new trend in investments is believed to give ETH a significant edge in the market.
Future Predictions
Novogratz also provided a forecast for Bitcoin, predicting it could reach $150,000 by the end of the year. As interest in Ethereum grows, the coming months could prove decisive for the battle of cryptocurrency dominance.
With increasing interest from both retail and institutional investors, the future of Ethereum and its potential to surpass Bitcoin is becoming a hot topic within the crypto community.
