Ethereum News Today: Ethereum Poised to Lead 2025 Bull Run as Institutional Adoption Rises, ETH/BTC Ratio Up 36%

Mike Novogratz, CEO of Galaxy Digital, has positioned Ethereum as a potential leader in the next cryptocurrency bull run by 2025, citing growing institutional adoption and macroeconomic tailwinds [1]. The former Wall Street veteran argues that Ethereum’s appeal is shifting from retail speculation to institutional investment, with major firms such as SharpLink Gaming and BitMine Immersion Technologies accumulating significant ETH supplies. SharpLink Gaming reportedly holds over 360,000 ETH, while BitMine now controls more than 566,000 ETH [1]. Novogratz emphasizes that this institutional buying pressure is narrowing Ethereum’s supply on exchanges, creating upward price momentum.

The launch of Ethereum-based ETFs has further accelerated this trend. BlackRock’s Ethereum Trust (ETHA) surged to $10 billion in assets under management, outpacing the growth rates of most traditional ETFs [1]. Novogratz highlights these investment vehicles as catalysts for Ethereum’s dominance in the “Ethereum vs Bitcoin 2025” narrative, noting that Ethereum’s utility in decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contract platforms differentiates it from Bitcoin’s role as a store of value [1].

Macroeconomic conditions also favor Ethereum, according to Novogratz. Low global interest rates, inflationary pressures, and expansive fiscal policies create a favorable environment for growth-oriented assets. He anticipates that the Federal Reserve’s accommodative policies could drive Ethereum’s price higher, particularly if the $4,000 resistance level is breached [1]. “Breaking that level would trigger a new phase of price discovery,” he stated in a CNBC interview [1]. Arthur Hayes, co-founder of BitMEX, aligns with this view, forecasting Ethereum could reach $10,000 by year-end based on current trends [1].

The ETH/BTC ratio has risen by 36% in the past month, a technical indicator suggesting Ethereum is gaining traction relative to Bitcoin [1]. Novogratz attributes this shift to Ethereum’s evolving infrastructure, including upgrades to Ethereum 2.0 and Layer 2 solutions, which enhance scalability and transaction efficiency. These improvements, coupled with Ethereum’s limited supply and rising adoption in enterprise applications, position it to outperform Bitcoin in the near term.

However, Novogratz does not dismiss Bitcoin’s long-term potential. He acknowledges that Bitcoin remains a “digital gold” asset, with some analysts predicting it could reach $150,000 if market conditions persist [1]. Bitfinex researchers, for instance, estimate Bitcoin could test $136,000 but caution that such gains might precede a correction. Despite this, Novogratz contends Ethereum’s real-world use cases and institutional support make it the stronger contender in 2025.

The debate between Ethereum and Bitcoin underscores a broader shift in the crypto market. While Bitcoin retains its status as a hedge against macroeconomic uncertainty, Ethereum’s network effects and utility-driven growth model attract investors seeking higher returns. Novogratz’s analysis reflects this duality: Bitcoin as a long-term store of value and Ethereum as a dynamic, innovation-focused asset.

Source: [1] [Ethereum vs Bitcoin 2025: Mike Novogratz Says ETH Will Lead the Next Bull Run] [https://coinmarketcap.com/community/articles/68836be0d9d19935252ecdef/]