Ethereum is currently rising on the radar, surging towards $4K rapidly. The growing Ethereum ETF momentum, coupled with its solid infrastructural repute, is helping Ethereum draw massive capital momentum. In this wake, Ethereum is now attracting significant activity from all sides, compelling experts to think about whether the token has a chance to outperform Bitcoin in the process.
Also Read: Is Ethereum Becoming the New Google? $8K Target Sparks Buzz
Can Ethereum Beat Bitcoin? Galaxy CEO Thinks So
In a new CNBC clip making rounds on X, the CEO of Galaxy, Mike Novogratz, can be seen praising Ethereum holistically. When asked about whether he owns Bitcoin or Ethereum, Novogratz stated that he owns both and that Ethereum is destined to touch the $4K price ceiling. Moreover, Novogratz was quick to add how he believes that ETH has the power to go mainstream in the near future.
“I own both. Listen, Ether has caught up a lot. It feels like if ETH takes out 4,000, it goes into price discovery. And so we feel destined to at least knock on the 4,000 ceiling a few times. The narrative of Ether is really powerful. And the market was really short.”
The Galaxy CEO also spoke about the growing ETH narrative among institutions, crediting them as one of the major harbingers of this change.
“…And now we have not just one, we have two major ETH treasury companies and another one coming, and they’re raising capital every day by buying Ether. And so there’s not a lot of supply of ETH. And so I think ETH probably has a chance to outperform Bitcoin in the next three to six months.”
Ethereum August Forecast
As per Changelly’s Ethereum August Forecast, the token is eyeing a new price spot of $4274 by the end of the month this year.
“Crypto analysts expect that at the end of summer 2024, the ETH price will be around $3,753.26. In August 2025, the cost may drop to a minimum of $3,231.65. The expected peak value might be $4,274.87 in August 2025.“
Also Read: Ethereum Up 110% In 3 Months: How Likely Is $4000 In July?