Bitcoin Could Hit $150K This Year, Says Mike Novogratz—But Ethereum Might Outperform BTC
Main Idea
Mike Novogratz predicts Ethereum (ETH) could outperform Bitcoin (BTC) in the next 3-6 months, citing institutional adoption and ETF inflows as key drivers, while Bitcoin recently hit a new all-time high.
Key Points
1. Ethereum (ETH) is currently 24% below its 2021 all-time high of $4,878 but has surged to a 2025 record of $3,848.
2. Novogratz attributes ETH's potential outperformance to institutional buying, such as BitMine Immersion holding $2B in ETH and SharpLink Gaming's acquisitions.
3. ETH ETFs saw over $726M in net inflows in a single day last week, totaling $2.1B for the week, marking their best performance.
4. Bitcoin recently reached a new all-time high of $122,838, with Novogratz predicting it could hit $150,000 this year.
5. 55% of predictors in a Myriad survey expect ETH to surpass its current all-time high by the end of 2025.
Description
Investors were recently shorting ETH but now they're enthusiastic about the digital coin, said Galaxy CEO Mike Novogratz.
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