Galaxy Digital CEO Michael Novogratz says institutional interest may be the secret sauce that sees Ether outperform Bitcoin in the next three to six months.
Rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months, says Galaxy Digital CEO Michael Novogratz.
“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,” Novogratz told CNBC on Thursday.
“If ETH takes out $4,000, it goes into price discovery,” he said, referring to a level that represents an approximate 8.5% jump from Ether’s (ETH) current price of $3,618, according to Nansen.
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