Novogratz: Ethereum Could Surpass Bitcoin!!
Galaxy Digital CEO Michael Novogratz stated in an interview with CNBC on Thursday that as institutional capital begins to turn more deeply towards Ethereum, there is a chance that Ethereum (ETH) will outperform Bitcoin (BTC) in the next three to six months.
Galaxy's bullish outlook on Ethereum is also clearly visible in its on-chain activities. According to blockchain intelligence platform Arkham, Galaxy Digital currently holds over 52,000 ETH, valued at approximately $193.95 million, making it the company's second-largest crypto position after Bitcoin.
Novogratz said, "If ETH surpasses $4,000, it enters price discovery. The market was really short on ETH, and now large treasury companies are raising capital and buying Ether. There is not much supply."
Bitcoin continues to be the largest asset in Galaxy's crypto portfolio, with over 13,500 BTC valued at $1.57 billion. This is followed by approximately 328,959 Solana (SOL) valued at about $59.3 million. Other assets include stablecoins like USDC and USDT, as well as real-world asset tokens like Sonic (S).
According to Arkham data, Galaxy's total visible crypto portfolio value is just under $1.9 billion. This figure has increased as Bitcoin has risen above $115,000 and Ethereum has moved towards the $4,000 level.
Novogratz noted that the broader macro environment, characterized by political pressure for the Fed to lower interest rates and global reflation efforts from countries like China, has created a favorable environment for "inflation trades" such as gold, silver, and crypto assets.
Novogratz said, "We are experiencing price discovery in many of these markets. Bitcoin could easily reach $130,000 to $150,000, but Ethereum's supply dynamics and increasing adoption make it appealing."
