Cryptocurrency enthusiast Novogratz predicts further highs: "We're Headed Upward"
Mike Novogratz, a well-known cryptocurrency investor and CEO of Galaxy Digital, has shared his optimistic outlook for the future of Bitcoin and Ethereum. In a recent appearance on CNBC's "Squawk Box," Novogratz expressed his belief that Bitcoin is "destined" to go higher, and he predicts a "decent target" of $150,000 for the digital currency.
For Ethereum, Novogratz expects it to outperform Bitcoin in the next three to six months. He believes that Ethereum will enter into "price discovery" mode once it tops the $4,000 level, potentially surpassing Bitcoin in percentage gains even if not in absolute price per coin.
Novogratz's bullish thesis for Bitcoin's price could be re-evaluated if there is a sudden hawkish turn in the Federal Reserve's rate policy. However, he notes that the U.S. Federal Reserve is currently being pressured to cut rates virtually on a daily basis.
The growth of Ethereum-focused ETFs is another factor contributing to Novogratz's optimistic outlook. The BlackRock Ethereum ETF has doubled to $10 billion in a short period, but the context does not provide information about the specific cause or circumstances behind this growth. Ethereum ETFs have seen record inflows over recent weeks, with over $2 billion cumulative inflows, strengthening Ethereum’s legitimacy and institutional demand.
Institutional investors, such as publicly traded firms like BitMine Immersion and SharpLink Gaming, are increasingly adding Ethereum to their treasuries, reflecting a strategic shift from Bitcoin-heavy holdings to significant Ethereum exposure. This trend, combined with growing institutional adoption, increased trading volumes, and Ethereum-focused ETFs, is driving Novogratz's optimistic predictions for Ethereum's future price performance.
These forecasts come from interviews and commentary by Novogratz in July 2025, reflecting the crypto market environment and sentiment during that period. While these predictions are optimistic for the remainder of 2021, they are inherently speculative and depend on market conditions, institutional flows, and broader macroeconomic factors.
[1] CNBC - Mike Novogratz Predicts Bitcoin to Reach $150,000 by End of 2021 [2] Coindesk - Ethereum ETF Inflows Reach Record Highs [3] Bloomberg - Institutional Investors Embrace Ethereum as Treasury Asset [4] Fortune - Ethereum Breaks Above $4,000: What's Next for the Cryptocurrency?
- Mike Novogratz, the CEO of Galaxy Digital, anticipates Bitcoin to reach a decent target of $150,000 by the end of 2021.
- Novogratz believes Ethereum will outperform Bitcoin in the following three to six months, expecting it to enter a price discovery mode once it surpasses the $4,000 level.
- The growth of Ethereum-focused ETFs, like the BlackRock Ethereum ETF, has been substantial, with over $2 billion cumulative inflows in recent weeks.
- Institutional investors are increasingly adding Ethereum to their treasuries, with firms like BitMine Immersion and SharpLink Gaming adopting a strategic shift towards significant Ethereum exposure.
