Mike Novogratz, CEO of Galaxy Digital, has shared predictions that Ethereum may soon outperform Bitcoin. This is attributed to increasing institutional interest and shifts in the cryptocurrency market.
Novogratz's Market Prediction
In a CNBC interview on July 24, 2025, Novogratz mentioned that he anticipates significant success for Ethereum compared to Bitcoin. He stated that if Ethereum surpasses the $4,000 mark, it could trigger a 'price discovery' phase.
Growing Interest in Ethereum
According to Novogratz, many institutional investors who previously launched spot Bitcoin ETFs may start to show similar support for Ethereum. The increasing interest in Ethereum highlights its growing market share, which may accelerate political and investment changes.
Potential Market Implications
If Ethereum continues to gain popularity, it may cause a redistribution of capital among various cryptocurrencies. As activity in DeFi sectors related to Ethereum increases, this could lead to the emergence of new financial products, such as Ethereum-based ETFs.
Mike Novogratz's predictions indicate potential significant changes in cryptocurrency market dynamics. The increasing institutional interest in Ethereum could potentially reshape market standings and lead to new growth for this cryptocurrency.
