{"id":5826,"date":"2025-07-25T16:36:35","date_gmt":"2025-07-25T16:36:35","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-to-outperform-bitcoin-galaxy-ceo-mike-novogratz-says-sooner-than-you-think\/"},"modified":"2025-07-25T16:36:41","modified_gmt":"2025-07-25T16:36:41","slug":"ethereum-to-outperform-bitcoin-galaxy-ceo-mike-novogratz-says-sooner-than-you-think","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-to-outperform-bitcoin-galaxy-ceo-mike-novogratz-says-sooner-than-you-think\/","title":{"rendered":"Ethereum to outperform Bitcoin? Galaxy CEO Mike Novogratz says sooner than you think"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">During a Jul. 24, 2025, interview with CNBC, Galaxy Digital CEO Mike Novogratz claimed that Ether is going to outperform Bitcoin in three to six months, and that he feels ETH will \u201cknock on the 4,000 ceiling a few times.\u201d Shortly after the interview\u2019s release, Galaxy transferred approximately 10,000 BTC to Binance and several other cryptocurrency exchanges. Is Galaxy Digital turning away from Bitcoin to embrace Ethereum? What makes corporations bet big on Ethereum these days?<\/p>\n<div id=\"cn-block-summary-block_ff59e81a651a7226de90b2be2c17ec0e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Galaxy Digital\u2019s Novogratz believes Ether has a sharper potential than Bitcoin, stating in the interview that ETH will outperform BTC in three to six months<\/li>\n<li>Following the interview, Galaxy sold 10,000 BTC, triggering a short-term price correction<\/li>\n<li>Galaxy explores the potential benefits of ETH accumulation and yielding as more and more corporations set up ETH treasuries and ETH ETFs inflows outperform BTC ETFs inflows nearly threefold<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Novogratz\u2019s thoughts on Ethereum<\/h2>\n<p>Replying to whether Novogratz chose to buy Bitcoin or Ether, he said that he already holds both. Then, he explained why he is betting on Ethereum these days.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The CNBC clip where Novogratz mentioned Ethereum <\/p>\n<p> <a href=\"https:\/\/t.co\/6ikiGZcTIR\">pic.twitter.com\/6ikiGZcTIR<\/a><\/p>\n<p>&mdash; Autism Capital \ud83e\udde9 (@AutismCapital) <a href=\"https:\/\/twitter.com\/AutismCapital\/status\/1948613137260810617?ref_src=twsrc%5Etfw\">July 25, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Novogratz said, \u201cIf [Ether] takes out $4,000, it goes into price discovery, and so we feel kind of destined to at least knock on the 4,000 ceiling a few times.\u201d He outlined the shifting position in Ether\u2019s performance, claiming that the market doesn\u2019t reflect the power of Ether\u2019s narrative and the growing corporate demand for this asset. Novogratz went so far as to forecast that Ether will outperform Bitcoin in three to six months.<\/p>\n<p>The companies buying ETH referred to by Novogratz are BitMine Immersion Technologies and Sharplink Gaming, which reportedly hold 566,766 ETH and 360,807 ETH, respectively. Soon, these companies will be joined by Ether Machine, which plans to get a Nasdaq listing soon with a $1.5 billion Ether bet.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Galaxy\u2019s focus switches from Bitcoin to Ethereum<\/h2>\n<p>Galaxy\u2019s digital asset holdings are not limited to Ether. For instance, it also holds bitcoins. As of July 25, Galaxy\u2019s BTC holdings amounted to 13,504 units. Novogratz is not bearish on Bitcoin. During the same interview on CNBC, he predicted that Bitcoin would soon reach $150,000 and expressed little to no doubt about a bullish outcome, at least if Trump doesn\u2019t change his stance on rate policy.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are heading towards $150,000 for Bitcoin <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GLXY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$GLXY<\/a> CEO says  <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/52oKf8983G\" target=\"_blank\">pic.twitter.com\/52oKf8983G<\/a><\/p>\n<p>\u2014 CRYPTO 101 Podcast (@CRYPTO101Pod) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/CRYPTO101Pod\/status\/1948372038923506121?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>However, on CNBC, Novogratz\u2019s company was introduced as \u201cEther MicroStrategy of sorts,\u201d and that\u2019s for a reason. First off, following the interview, Galaxy continued to offload its bitcoins to various crypto exchanges. Around 40,000 bitcoins bought earlier from a 2011 Bitcoin whale were transferred to exchanges on July 25. The company sold 10,000 BTC, earning over $1 billion worth of BTC, causing the BTC price to drop from $119,000 to $115,000. According to Lookonchain findings, over $2 billion worth of BTC is still on exchanges.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update:<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#GalaxyDigital<\/a> has transferred nearly 30,000 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a>($3.5B) out today, most of which went directly to exchanges and were sold.<\/p>\n<p>Then <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#GalaxyDigital<\/a> withdrew 1.15B <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$USDT<\/a> from exchanges.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#GalaxyDigital<\/a> still holds 18,504 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a>($2.14B).<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/bVtNwP2iXI\" target=\"_blank\">https:\/\/t.co\/bVtNwP2iXI<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Wv1cD3aHbf\" target=\"_blank\">pic.twitter.com\/Wv1cD3aHbf<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1948665986573631687?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 25, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>It\u2019s unclear whether Galaxy will dispose of all its bitcoins. It doesn\u2019t seem probable given Novogratz\u2019s bullish views on Bitcoin.\u00a0<\/p>\n<p>The second reason why Galaxy is rather an \u201cEther MicroStrategy\u201d than a Bitcoin treasury is that lately it has increased its involvement in the race for Ethereum. According to Arkham, <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/galaxy-digital\" rel=\"nofollow\">Galaxy holds 64,858 ETH<\/a> (around $241.5 million) on its balance. Ether stack remains the second-biggest digital holding of Galaxy.<\/p>\n<p>On July 15, a piece titled \u201cBeyond Bitcoin: Ethereum as a Corporate Treasury Asset\u201d was <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.galaxy.com\/insights\/research\/beyond-btc-ethereum-as-a-corporate-treasury-asset\" rel=\"nofollow\">published<\/a> on the Galaxy website. It was written by a research analyst, Christopher Rosa. The study analyzes the performance of several Ethereum treasury companies and concludes that, unlike Bitcoin with its passive accumulation strategy, Ethereum offers more options like staking or DeFi yielding methods, which create additional leverage for Ethereum treasury companies.\u00a0<\/p>\n<p>On top of that, Rosa emphasizes that, unlike Bitcoin treasuries relying on issuing convertible debt to buy BTC, the four biggest ETH treasuries buy ETH through equity issuance, avoiding debt-related risks. Generally, the article outlines Ether\u2019s advantages over Bitcoin as a corporate treasury asset, which signals Galaxy\u2019s changing pivot.<\/p>\n<h2 class=\"wp-block-heading\">Bullish case for Ethereum<\/h2>\n<p>The snowballing bullish news about Ethereum continues to roll throughout July. After a long period of Ethereum hate and unfavorable comparisons of the legendary platform to Solana, Ether finally gains momentum.\u00a0<\/p>\n<p>Various analysts believe Ether has all the reasons to go higher. For instance, Arthur Hayes of BitMEX <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/cryptohayes.substack.com\/p\/time-signature\" rel=\"nofollow\">anticipates<\/a> Ether to gain $10,000 by the end of the year. It\u2019s worth adding that he believes Bitcoin will reach $250,000 by that time, so it\u2019s not a bet against Bitcoin.<\/p>\n<p>While Novogratz says Ether can outperform Bitcoin, in some metrics, Ether is already outperforming it. For instance, lately, Ether ETFs have been much more active than Bitcoin ETFs. Ether ETF inflows increased over 10x in July. In six days, they gained over $2.4 billion, with BlackRock\u2019s ETHA becoming a leading crypto ETF, attracting $1.79 billion in inflows and managing over $10 billion. Bitcoin ETF inflows during the same period <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/farside.co.uk\/eth\/\" target=\"_blank\" rel=\"nofollow\">amounted<\/a> to \u201conly\u201d $827 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LOOK OUT: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETHA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETHA<\/a> just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$IBIT<\/a> &amp; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$FBTC<\/a>. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel! <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Jrrb15BdHV\" target=\"_blank\">pic.twitter.com\/Jrrb15BdHV<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1948352147050930196?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Companies continue to grow their ETH treasuries, and new players emerge. As the U.S. adopted the GENIUS Act, which sets rules for stablecoin issuers and generally facilitates such business in America, Ethereum, a layer 1 blockchain, is expected to benefit significantly from the stablecoin boom. As the Ether boom is a relatively new trend, it is difficult to predict its direction at this point.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During a Jul. 24, 2025, interview with CNBC, Galaxy Digital CEO Mike Novogratz claimed that Ether is going to outperform Bitcoin in three to six months, and that he feels&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5826"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5826\/revisions"}],"predecessor-version":[{"id":5827,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5826\/revisions\/5827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5388"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}