Bitcoin Could Hit $150K in 2025, But Ethereum Likely to Outperform: Galaxy Digital CEO

Highlights:

• Novogratz says Ethereum might outperform Bitcoin as more firms keep buying ETH.
• ETH reached $3,848 this week and is gaining strength with growing investor interest.
• He also believes Bitcoin could hit $150K this year, but rate shifts may affect it.

Billionaire crypto entrepreneur Mike Novogratz believes Ethereum could surpass Bitcoin’s performance in the coming months. In an interview with CNBC on Thursday, the Galaxy Digital CEO said rising institutional interest is likely to drive Ethereum higher following its recent upward momentum.

🚨JUST IN: ETHEREUM $ETH COULD OUTPERFORM BITCOIN $BTC IN 3–6 MONTHS – GALAXY DIGITAL CEO MICHAEL NOVOGRATZ

— BSCN Headlines (@BSCNheadlines) July 25, 2025

Ethereum was recently trading around $3,709 per coin, according to data from CoinMarketCap. Earlier this week, on Monday, it reached a new 2025 high of $3,848. The cryptocurrency remains 24% below its all-time high of $4,878 set in 2021. However, it has shown strong signs of recovery and is steadily climbing back.

Novogratz said Ethereum might have a good chance of doing better than Bitcoin over the next three to six months. He mentioned that the current narrative around ETH appears quite strong. “If ETH takes out $4,000, it goes into price discovery,” he said. He also spoke about the strong story building around ETH. According to him, two major firms, Sharplink Gaming and BitMine Immersion Technologies, have recently made large Ethereum purchases. 

At the same time, a new player called Ether Machine plans to go public on the Nasdaq with the symbol “ETHM.” The firm is expected to manage over 400,000 ETH, valued at more than $1.5 billion at launch. Novogratz believes the buying momentum is not slowing anytime soon. He mentioned that these firms continue raising funds daily and are steadily adding more Ether.

Ethereum ETFs Outpace BTC ETFs and ETH/BTC Ratio Jumps Over 36%

Ethereum isn’t just closing the price gap; it’s also taking the lead on performance charts. Over the past month, the ETH/BTC ratio has climbed by more than 36%, showing a clear rise in momentum for ETH. Although Novogratz continues to support Bitcoin’s long-term potential, he believes Ethereum could take the front seat soon, particularly as interest around its staking features and broader utility continues to grow.

Investor interest in ETH exchange-traded funds (ETFs) is rising quickly among Americans. Over the last six trading sessions, spot Ethereum ETFs have consistently drawn more attention than Bitcoin ETFs. According to data from Farside Investors, ETH ETFs recorded around $2.4 billion in net inflows during this time. In contrast, spot Bitcoin ETFs managed to bring in just $827 million.

Novogratz Sees Bitcoin Hitting $150K But Warns of Policy Risk

Although Novogratz leans toward Ethereum for the short term, he’s not counting Bitcoin out. Novogratz mentioned that Bitcoin, the largest cryptocurrency, has the potential to reach $150,000 per coin sometime this year. However, he said his positive view could change if U.S. interest rate policy shifts. He added that this might happen under a Trump-led government.

At the moment, Bitcoin is trading at around $115,592 per coin. While it’s seen a slight drop over the past week, it’s still up nearly 8% over the last 30 days. Recently, the cryptocurrency hit a fresh all-time high of $122,838, showing continued strength in its upward trend.