Key Takeaways
- Galaxy Digital CEO Mike Novogratz predicts Ethereum could outperform Bitcoin over the next 3 to 6 months.
- Novogratz said Bitcoin is currently in price discovery, with $150,000 as a reasonable upside target.
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Mike Novogratz, CEO of Galaxy Digital, believes Ethereum may have an edge over Bitcoin over the next few months due to strong market dynamics, institutional interest, and limited supply.
Speaking to CNBC’s ‘Squawk Box‘ on Thursday, Novogratz said Ethereum is catching up fast and could enter price discovery territory if it breaks above the $4,000 level.
“The narrative of Ether is really powerful,” explained Novogratz. “And now we have not just one, we have two major treasury companies and another one coming…and they’re raising capital every day and buying Ether. And so there’s not a lot of supply of Ether.”
“Ethereum probably has a lot of chance to outperform Bitcoin in the next 3 to 6 months,” he added, noting that he owns both Ethereum and Bitcoin.
On Bitcoin’s outlook, Novogratz said the digital asset could climb to $150,000. He noted that while some sellers have entered the market, the upward trajectory appears likely to continue as long as the current macro and policy narrative holds, including Trump’s continued push for lower rate cuts.
“We’re in price discovery in a lot of these things,” Novogratz said. “One-fifty seems to me a decent target.”
“If Trump changes his mind and says the economy doesn’t need lower rates, that would change my thesis,” Novogratz noted. “But until that happens, I think we’re headed toward one-fifty.”
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