Ether will ‘knock on $4,000’ and soon outperform Bitcoin: Novogratz
Main Idea
Galaxy Digital CEO Michael Novogratz predicts Ether will outperform Bitcoin in the next 3-6 months and could reach $4,000, driven by institutional interest and limited supply.
Key Points
1. Novogratz believes Ether's limited supply and institutional interest may help it outperform Bitcoin in the next 3-6 months.
2. He predicts Ether could reach $4,000, an 8.5% increase from its current price of $3,618.
3. Novogratz highlights recent large ETH purchases by Sharplink Gaming and BitMine Immersion Technologies as evidence of strong institutional demand.
4. BitMEX co-founder Arthur Hayes predicts Ether could hit $10,000 by year-end, while the ETH/BTC ratio shows Ether outperforming Bitcoin by 36.53% over the past 30 days.
5. Novogratz also sees Bitcoin rising, with a potential target of $150,000, but warns that political changes could impact this outlook.
Description
Galaxy Digital CEO Michael Novogratz says institutional interest may be the secret sauce that sees Ether outperform Bitcoin in the next three to six months.
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