Galaxy Digital CEO Mike Novogratz forecasts Ethereum (ETH) will outperform Bitcoin (BTC) over the next 3-6 months due to surging institutional demand and supply constraints. Speaking to CNBC, Novogratz highlighted ETH's "powerful narrative" as corporations replicate MicroStrategy's treasury strategy—but with Ethereum. Nasdaq-listed BitMine Immersion holds $2 billion in ETH, while SharpLink Gaming acquired $1.3 billion worth since May, creating significant supply pressure.
ETH traded at $3,730 at press time—24% below its 2021 all-time high of $4,878—with Novogratz predicting a near-term surge past $4,000. This aligns with Myriad data showing 55% of predictors expect new ETH highs by end-2025. U.S. Ethereum ETFs fueled momentum, attracting $726 million in single-day inflows last week and $2.1 billion weekly.
Meanwhile, Novogratz maintains Bitcoin could hit $150,000 in 2025 (current price: $118,628), though he notes ETH's growth-asset characteristics and tighter supply dynamics favor it short-term. Macro tailwinds—including potential Fed rate cuts, fiscal stimulus, and tariffs—bolster both cryptocurrencies, but ETH benefits disproportionately from institutional capital rotation.