In an interview with CNBC, Novogratz said that the current supply of Ether is low, but the coin has a chance to exceed $4,000. Once ETH reaches that mark, it will enter a 'pricing phase.' Novogratz believes in the good prospects for Ether, as two major companies — BitMine Immersion Technologies and Sharplink Gaming — have recently acquired a large amount of ETH.
Recently, BitMine reported that it holds 566,776 ETH (approximately $2.03 billion), while the total amount of Ether held by Sharplink is 360,807 ETH (approximately $1.29 billion).
Another company, Ether Machine, plans to go public and list its shares on the Nasdaq under the ticker ETHM. The company manages over 400,000 ETH valued at $1.5 billion. Novogratz suggested that large companies will continue to buy large amounts of Ether, and capital will flow into this coin daily.
However, the businessman is confident that in the near future there is growth potential for Bitcoin as well. According to the founder of Galaxy Digital, Bitcoin is 'destined to rise' to $150,000. However, if U.S. President Donald Trump begins to insist that the U.S. Federal Reserve cut interest rates, the situation could change — but until that happens, Bitcoin is confidently approaching $150,000, Novogratz clarified.
Earlier, Novogratz predicted that in five to ten years, Bitcoin could be worth $800,000, matching gold in market capitalization. According to the CEO of Galaxy Digital, new altcoins find it harder to compete with cryptocurrencies XRP and ADA because they were launched earlier than other altcoins.