ETH to Outshine BTC? Galaxy Guru’s Bold Bet! 🚀

Well, now, ain’t this a hoot? That Galaxy CEO, Mike Novogratz, he’s gone and predicted that Ethereum—good ol’ ETH—might just give Bitcoin a proper thrashing over the next three to six months. 😏 As if these cryptos aren’t already dancing to their own mad tune, up one day and down the next, like a cat on a hot tin roof.

During a chat with CNBC on a Thursday, no less, this financier spun a yarn about how market whims are tilting in ETH’s favor. “I think Ethereum probably has a lot of chance to outperform Bitcoin,” he drawled, explaining that corporations are snapping up the stuff like it’s going out of style. “The narrative of ETH is really powerful,” he added, with all the gravity of a riverboat gambler calling bluffs.

Corporate Shenanigans and Treasure Hoards

Oh, the bigwigs are at it again, folks! Companies are stashing ETH in their vaults faster than you can say “get rich quick.” Take SharpLink Gaming, for instance—they’re sitting on over 360,000 ETH, probably dreaming of digital gold mines. Then there’s BitMine, aiming to hog 5% of the total supply with their 566,000-plus stash, and Bit Digital, not to be outdone, with 120,000 ETH piled high. It’s like they’re preparing for a crypto apocalypse or just showing off. 😂 Novogratz reckons ETH’s price has “caught up a lot,” and it might poke its head above $4,000 more than once. Right now, it’s lounging around $3,659, up a measly 1.5% in the last week after teasing us with a high of $3,848. If it busts through that $4,000 barrier, he says, well, hold onto your hats—price discovery could turn into a wild stampede. 🤠

But wait, there’s more! ETH’s ETFs in the U.S. are pulling in cash like a magnet. On July 16, they raked in a whopping $726 million, and just six days later, another $533 million rolled in, totaling over $2.1 billion for the week. That pushed assets under management past $20 billion, with giants like BlackRock and Fidelity gobbling up the lion’s share. It’s enough to make a body wonder if this is genius or just collective madness. 😜

Can BTC Strike Gold at $150K?

Now, Novogratz didn’t forget about Bitcoin in his ramblings on Squawk Box. He figures BTC could waltz up to $150,000 this year, currently trading at $115,324—down a tad over the week but up nearly 9% in the month. It even hit a new peak above $123,000 recently. But, oh, the sarcasm! He ties this to the Federal Reserve’s interest rate tomfoolery, warning that any shift could trip it up. With rising capital spends, tariffs looming, and China stirring the pot, plus Trump’s push for lower rates by 2026, he’s betting on demand for both BTC and ETH. Still, he’s bullish, saying demand will hold—though in this game, who’s to say it won’t all go belly-up tomorrow? ⚠️ After all, as any old-timer knows, fortune favors the bold, but she also laughs at the foolish.

2025-07-26 01:31

Corporate Shenanigans and Treasure Hoards

Can BTC Strike Gold at $150K?

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