In a recent CNBC interview, Galaxy Digital CEO Mike Novogratz made a bold prediction for both major cryptocurrencies. Novogratz stated an Ethereum outperforms Bitcoin thesis over the next 3-6 months and a $150,000 Bitcoin price by year-end. This dual outlook acknowledges Ethereum’s growing narrative as an institutional treasury asset and Bitcoin’s continued dominance as a reserve store.
Institutions are Embracing Ethereum Treasury Strategies
According to him, the shift towards the Ethereum outperforms Bitcoin thesis is happening on corporate balance sheets. Nasdaq-listed BitMine Immersion Technologies is the most obvious example. In just 16 days after a $250 million private placement in early July, BitMine accumulated 566,776 ETH worth over $2.1 billion. This makes BitMine the largest corporate Ethereum treasury company in the world.
Reports claim Chairman Tom Lee of Fundstrat has said he wants to accumulate and stake 5% of the total Ethereum supply. Other publicly listed companies like SharpLink Gaming and Bit Digital have also followed suit, each holding over a billion dollars in ETH reserves.
This is similar to the corporate Bitcoin playbook of old but with an Ethereum twist.
Scarcity meets Utility: Why ETH could outpace BTC
Novogratz said supply is important for Ethereum’s acceleration. With institutional demand growing, the available float of ETH for trading is shrinking. If Ethereum’s narrative continues to gain traction from tokenized assets to staking yield, its growth potential may outpace Bitcoin, whose supply dynamics are more predictable and well understood.
Novogratz said Ethereum could test $4,000 soon. If it breaks through that level, it will be in price discovery territory. Bitcoin’s recent high of already reflects most of the institutional premium.
Novogratz thinks Bitcoin still has room to run to $150,000 if macro conditions like continued rate cuts under the Trump administration remain favorable.
Macrofactors and ETF Supports Ethereum outperforming Bitcoin
The broader investment terrain supports the case for Ethereum outperforming Bitcoin. Ethereum based ETFs approved last year by US regulators just saw their biggest one day inflows of over $726 million, totaling over $2.1 billion in inflows over the past week. This institutional demand is feeding into the ETH bull narrative.
Policy tailwinds are also helping. Passage of laws supporting stablecoin adoption and tokenized assets increases Ethereum’s utility layer as most stablecoins and DeFi protocols live on its blockchain. This systemic alignment gives confidence that Ethereum might outperform Bitcoin in the coming months.
Conclusion: Two Paths, One Bigger Rocket
Based on the latest research, the Ethereum outperforms Bitcoin thesis has gone from speculative to strategic. Novogratz’s comments aren’t just about the use case, but about corporate balance sheets and inflows. However, Bitcoin’s position is solid; its path to $150K is supported by scarcity, market familiarity, and regulatory clarity.
Institutional demand is rising fast and macro tailwinds are building. If corporate treasuries keep buying Ethereum and ETFs keep drawing in new capital, Ethereum may be the bigger short-term winner.
Explore Bitcoin and Ethereum price predictions.
Summary
Ethereum is gaining momentum as institutions are adopting it for treasury strategies. BitMine Immersion has acquired over $2.1 billion in ETH. Galaxy Digital’s Mike Novogratz thinks Ethereum will outperform Bitcoin in 3-6 months and Bitcoin will reach $150K by year-end. Ethereum ETFs are pulling in record inflows, supply constraints and utility-driven demand are supporting ETH.
FAQs
Why does Novogratz think Ethereum will outperform Bitcoin?
He says Ethereum’s supply is limited and institutional demand is rising and the ecosystem narrative around staking and tokenization.
What is BitMine Immersion’s role in this?
BitMine has acquired over 566,000 ETH (worth more than $2.1 billion), the largest corporate Ethereum treasury firm working towards staking 5% of total ETH supply.
What is Novogratz’s Bitcoin price target?
Novogratz thinks Bitcoin could go to $150,000 in 2025 if everything goes well and institutions keep buying.
How much did ETH ETFs pull in recently?
Ethereum ETFs pulled in over $726 million in one day and $2.1 billion in a week, a record.
Glossary
ETH – Programmable blockchain platform for smart contracts, DeFi, staking and tokenized assets.
BTC – The original cryptocurrency, fixed supply and digital store of value.
Price Discovery – When a market breaks out to new highs above resistance.
Treasury – Companies holding crypto on their balance sheet.
ETF – Regulated investment product to buy crypto through traditional markets.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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