Ethereum’s Institutional Boom Could Push ETH to $4K: Novogratz

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Michael Novogratz, CEO of Galaxy Digital, sees Ethereum’s growing institutional accumulation as a catalyst for ETH to surpass Bitcoin in performance—and breach $4,000.

“With shrinking supply and major firms loading up on ETH, it’s primed to outperform BTC,” Novogratz told CNBC. He highlighted BitMine’s $2 billion and Sharplink’s $1.3 billion ETH holdings as evidence of strong institutional conviction.

A breakout above $4,000 (up ~8.5% from current prices) could propel Ether into “price discovery mode,” he said, reinforcing Ethereum’s “powerful” long-term appeal.