Ethereum News Today: "Novogratz Predicts Bitcoin 24% Rally to $150K, Ethereum Outpaces BTC on Institutional Adoption and ETF Inflows"

Galaxy Digital CEO Mike Novogratz has outlined a bullish outlook for the cryptocurrency market, forecasting Bitcoin could reach $150,000 by year-end while Ethereum (ETH) may outperform BTC in the next three to six months. Speaking in a CNBC interview, Novogratz highlighted growing institutional adoption of Ethereum as a critical catalyst. He noted that publicly traded firms, including Nasdaq-listed BitMine Immersion and SharpLink Gaming, are adopting treasury strategies by purchasing large quantities of ETH. BitMine Immersion now holds $2 billion in Ethereum, while SharpLink Gaming has accumulated $1.3 billion since committing to the strategy in May. This trend, Novogratz argued, mirrors the Bitcoin treasury model popularized by MicroStrategy but tailored to Ethereum’s utility-driven narrative [1].

Ethereum’s recent price trajectory underscores its potential. As of July 17, 2025, the token traded near $3,730, following a 2025 record of $3,848 on July 15. While this remains 24% below its 2021 all-time high of $4,878, Novogratz emphasized institutional demand as a key driver. He pointed to Ethereum ETFs—approved by the SEC in 2024—as evidence of growing legitimacy. These funds recorded a record $726 million in net inflows on July 16, with cumulative inflows exceeding $2.1 billion in the preceding week. The CEO attributed this to Ethereum’s “powerful” narrative, citing its dominance in decentralized finance (DeFi) and smart contract ecosystems [1].

Bitcoin’s prospects, while still ambitious, face a steeper climb. The leading cryptocurrency traded at $118,628 as of July 17, 24% below Novogratz’s $150,000 target. Despite hitting a new all-time high of $122,838 in late June, Bitcoin’s trajectory reflects broader macroeconomic challenges. Novogratz acknowledged its long-term potential but positioned Ethereum as a near-term outperformer, citing its “catch-up” phase relative to Bitcoin’s valuation. This perspective aligns with market sentiment: 55% of users on Myriad, a crypto prediction platform, anticipate Ethereum will surpass its 2021 high by year-end [1].

The CEO’s analysis reflects an ongoing debate within the crypto community. While Bitcoin remains the benchmark for digital assets, Ethereum’s technological advancements and institutional embrace could accelerate its rise. However, these forecasts hinge on factors like regulatory clarity and macroeconomic conditions, which remain uncertain. Novogratz’s projections, though speculative, underscore the market’s evolving dynamics as institutions increasingly allocate capital to both BTC and ETH [1].

Source: [1] [Bitcoin Could Hit $150K This Year, Says Mike Novogratz—But Ethereum Might Outperform BTC] (https://decrypt.co/331711/bitcoin-could-hit-150k-this-year-mike-novogratz-ethereum-outperform)