Galaxy Digital’s Mike Novogratz says Ethereum could take the lead over Bitcoin in the short term, citing growing institutional demand and a tightening supply dynamic.
In a recent CNBC interview, he suggested that if ETH clears the $4,000 mark, it could enter a price discovery phase that accelerates its gains.
He pointed to the rise of ETH treasury holdings among companies, noting that capital is actively flowing into the asset while circulating supply remains limited — a setup that could favor ETH over BTC in the next three to six months. Ethereum is currently hovering near $3,756, up 4% on the day and inching closer to that $4,000 threshold.
Novogratz also highlighted that Ethereum’s role in the broader Web3 ecosystem gives it strong fundamental backing. With ETH staking, DeFi protocols, and tokenized assets gaining traction, he believes Ethereum is positioned as a core infrastructure layer that institutions are beginning to recognize as critical.
Despite this, he hasn’t shifted his stance on Bitcoin’s long-term trajectory. Novogratz reaffirmed a $150,000 price target, citing a favorable macro backdrop — particularly around interest rates and monetary policy. He cautioned that a sudden change in tone from President Trump or the Federal Reserve could stall that momentum, but until then, the upward trend seems intact.
For now, both assets appear to be benefiting from renewed interest across institutional channels, and Novogratz believes the next few months will be pivotal in determining which one leads the next leg of the crypto rally.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/ethereum-could-outpace-bitcoin-in-coming-months-says-galaxy-ceo/