Galaxy CEO: Bitcoin Could Reach $150,000 This Year, but Ethereum May Outperform

According to ChainCatcher, citing a report from Decrypt, Galaxy CEO Mike Novogratz said in an interview with CNBC on Thursday that Ethereum (ETH) could outperform Bitcoin (BTC) over the next three to six months.

Novogratz believes that growing interest from institutional investors could further drive up the price of Ethereum. Currently, Ethereum is trading near $3,730, having reached a 2025 high of $3,848 on Monday, though it remains 24% below its all-time high of $4,878 set in 2021. Novogratz stated that the narrative around Ethereum is very strong and its price could soon reach $4,000.

He also mentioned that many publicly listed companies are following MicroStrategy’s (now renamed Strategy) Bitcoin treasury model, but are choosing to buy Ethereum instead of Bitcoin. Nasdaq-listed BitMine Immersion has made significant purchases of the cryptocurrency and now holds $2 billion worth of Ethereum.

In addition, U.S. investors are rapidly pouring into Ethereum exchange-traded funds (ETFs), which saw net inflows of over $726 million last week, setting a single-day trading record. Meanwhile, Novogratz also predicted that Bitcoin could reach $150,000 per coin this year.