ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO
Main Idea
Galaxy CEO Mike Novogratz predicts Ethereum (ETH) could outperform Bitcoin (BTC) in the next 3-6 months due to favorable market conditions, corporate adoption, and ETF inflows, while also suggesting BTC could reach $150K this year.
Key Points
1. Mike Novogratz believes ETH may outperform BTC in the next 3-6 months, citing corporate adoption and ETF inflows as key drivers.
2. Several companies, including SharpLink Gaming, BitMine, and Bit Digital, are holding significant amounts of ETH in their treasuries.
3. ETH ETFs in the U.S. saw record inflows, with $726 million on July 16 and $533 million on July 22, pushing total AUM past $20 billion.
4. Novogratz predicts ETH could reach $4,000 multiple times in the future, with current trading around $3,659.
5. He also suggests BTC could hit $150,000 this year, supported by macroeconomic factors like lower rates by 2026.
Description
Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the next three to six months,” said Novogratz. He explained that big companies buying the asset was helping propel its rise.”The narrative of ETH is really p...
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