 
 
Ether (ETH) has staged a comeback to become one of the best-performing digital assets over the past few months. And Galaxy Digital’s Mike Novogratz expects the second-largest cryptocurrency by market cap to outpace its big brother Bitcoin (BTC) over the next few months due to a combination of bullish factors.
Factors That Position ETH To Outshine Bitcoin
During a July 24 interview with CNBC’s Squawk Box, Mike Novogratz said Ethereum is catching up quickly and could soon enter parabolic price discovery if it smashes past the $4,000 threshold.
Novogratz highlighted the growing trend among public firms treating ETH not as a speculative asset, but as a core part of their balance sheets.
“The narrative of Ether is really powerful,” the Galaxy Digital exec posited. “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.”
SharpLink Gaming has emerged as one of the biggest Ether corporate holders in the world. The firm currently owns 280,706 ETH, a stake currently worth just over $1 billion.
 
But the title of the largest ETH corporate holder now belongs to Bitmine Immersion Technologies. Helmed by renowned Wall Street strategist and Fundstrat co-founder Tom Lee, Bitmine has accumulated 300,657 ETH as of publication time, valued at around $1.12 billion.
This corporate arms race could continue to strengthen ETH’s market momentum in the coming months.
“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.
Speaking about Bitcoin, Novogratz said he expects the flagship crypto to reach $150,000. He noted that despite sellers entering the market, BTC’s uptrend remains intact as long as the current macro tailwinds continue, including President Donald Trump’s persistent calls for lower benchmark interest rates.
“We’re in price discovery in a lot of these things,” Novogratz said. “$150,000 seems to me a decent target.”
However, he acknowledges that Trump changing his stance and saying the United States doesn’t need lower rates would alter his current view. “But until that happens, I think we’re headed toward $150,000.”
Source: https://zycrypto.com/ether-likely-to-outperform-bitcoin-in-next-3-6-months-mike-novogratz/