According to Galaxy Digital CEO Mike Novogratz, the Ethereum vs Bitcoin 2025 debate is becoming more serious. Ethereum is getting stronger due to its limited supply and rising interest from big investors.
Novogratz, who has been in crypto for years, says Ethereum isn’t just driven by small traders anymore. Now, large institutions are putting real money into ETH, which could help it do better than Bitcoin soon.
The launch of Ethereum ETFs and large-scale purchases by firms such as SharpLink Gaming and BitMine Immersion Technologies are early signs of this shift in the market.
Mike Novogratz believes this change is supported by blockchain data and macroeconomic trends that support Ethereum’s growth. At the same time, Bitcoin continues to hold its place as a long-term store of value.
What Is Driving Ethereum’s Institutional Momentum?
Ethereum’s potential to outperform BTC is supported by major players in the crypto space. Mike Novogratz shared that companies like SharpLink Gaming have bought over 360,000 ETH.
BitMine Immersion Technologies now holds more than 566,000 ETH, and another company, Ether Machine, is preparing to launch with over 400,000 ETH.
This shift is important. It means Ethereum is no longer seen only as a risky asset, major companies now consider it a serious investment.
According to Novogratz, firms are consistently raising new funds with the purpose of buying more Ether, showing that institutional demand for ETH is not just strong but growing steadily.
He also highlighted the rapid success of Ethereum ETFs such as BlackRock’s ETHA, which hit $10 billion in assets quickly than most ETFs ever have.
These investment vehicles are bringing in a wave of new capital, strengthening Ethereum’s position in the ongoing Ethereum vs Bitcoin 2025 debate.
How Do Macro Trends Favor Ethereum Over Bitcoin?
Macroeconomic trends are also helping Ethereum in the Ethereum vs Bitcoin 2025 debate. Novogratz explained that low interest rates, higher inflation, and government spending around the world are creating a good environment for growth-focused assets like ETH.
He thinks that if the Federal Reserve keeps its current money policies, Ethereum could keep going up. Many experts agree and say that Ethereum usually reacts more quickly than Bitcoin when the market changes or when investors act differently.
Bitcoin is mostly seen as digital gold and is used to hold value. But Ethereum does more, it runs smart contracts, NFTs, DeFi apps, and other tools, giving it more use in the crypto world.
Ethereum’s practical uses give it a big boost. That’s why many believe ETH could perform better than BTC, especially as its network keeps growing and more projects are built on it.
The following table summarizes the key reasons why Mike Novogratz predicts ETH will outperform BTC
| Reason | Explanation | Impact |
| Institutional Demand | Major firms buying ETH | Reduced supply, price pressure |
| Supply Constraints | Limited ETH on exchanges | Potential price surge |
| Ethereum Upgrades | ETH 2.0 & Layer 2 improve utility | Boosts ETH over BTC |
| $4,000 Resistance | Breaking key price level | New price discovery phase |
| Macro Tailwinds | Favorable Fed policy & inflation | Strengthens ETH momentum |
| ETH/BTC Ratio Rise | Ratio up 36% recently | Signs of ETH gaining strength |
| Bitcoin Outlook | Bullish long-term but short-term flat | ETH leads next rally |
Is Ethereum Already Outperforming Bitcoin?
Yes, early signs show this might be happening. The ETH/BTC ratio has gone up by over 36% in the past month. This means more traders are starting to believe that Ethereum is getting stronger and could soon do better than Bitcoin.
In a talk with CNBC, Mike Novogratz said Ethereum might try to reach the $4,000 mark more than once. He said that if ETH goes above that level, it could start a new phase of growth, with a chance for prices to go even higher.
In a similar view, BitMEX co-founder Arthur Hayes said ETH might reach $10,000 by the end of the year. He based this on market trends and growing interest in Ethereum. His opinion matches Novogratz’s belief that Ethereum has a strong market story and is gaining more strength over time.
Does Bitcoin Still Hold Long-Term Potential?
While Ethereum is gaining momentum in the Ethereum vs Bitcoin 2025 debate, Bitcoin still holds strong potential. Mike Novogratz also pointed out that Bitcoin isn’t out of the race and could possibly reach $150,000 if current market trends continue.
In his CNBC interview, he said the market could keep going up if the current trend continues, thanks to strong investment and the overall economic situation. But he also said that Ethereum might grow more than Bitcoin if it keeps gaining speed like it is now.
Bitfinex researchers believe Bitcoin could soon reach around $136,000. But they also warned that such a big price jump has, in the past, been a sign that the market is getting too excited and that usually leads to a pullback.
This shows how Bitcoin is seen as a safe long-term asset. On the other hand, Ethereum is becoming a more growth-focused asset, which is supported by real-world usage like apps, digital finance, and smart contracts.
Conclusion
Based on the latest research, the Ethereum vs Bitcoin 2025 debate isn’t just about price. Mike Novogratz says Ethereum might do better than Bitcoin over the next six months. That’s because Ethereum has less supply, more investor interest, and a strong market right now.
Big companies are buying Ethereum, and its ETFs are getting good support. Novogratz still backs Bitcoin, but he thinks Ethereum’s growing use in the real world could give it an advantage in 2025.
Summary
Mike Novogratz believes Ethereum could outperform Bitcoin in 2025. He points to strong investor interest, limited ETH supply, and rising institutional buying as key reasons. Companies like SharpLink and BitMine have bought hundreds of thousands of ETH. Novogratz says macro trends favor ETH more than BTC, and Ethereum’s real-world uses give it an edge. While Bitcoin remains a strong long-term asset, Ethereum’s growing network could lead it to outperform soon.
Read this also to see if Ethereum’s long-term outlook supports Mike Novogratz’s bold Ethereum vs Bitcoin 2025 call.
FAQs
1. Who supports Ethereum in the Ethereum vs Bitcoin 2025 debate?
Mike Novogratz, CEO of Galaxy Digital, backs Ethereum.
2. Which major companies are buying large amounts of ETH?
SharpLink Gaming, BitMine Immersion Technologies, and Ether Machine.
3. How much ETH has SharpLink Gaming purchased?
Over 360,000 ETH.
4. What is Arthur Hayes’ ETH price prediction for 2025?
Up to $10,000 before year-end.
5. Does Bitcoin still matter in the Ethereum vs Bitcoin 2025 comparison?
It’s still held in high regard for its long-term value, similar to how gold is viewed.
Glossary
Macro Trends – Global economic forces like interest rates and inflation.
Store-of-Value – An asset like Bitcoin used to preserve wealth long-term.
ETH Accumulation – Buying and holding large amounts of Ethereum.
Smart Contracts – Self-executing programs on Ethereum’s blockchain.
Ethereum ETF – Investment fund tracking ETH performance, approved for trading.
Sources
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