Ethereum soon in front of Bitcoin? Novogratz sees the BTC at $ 150,000

Forecasts on the cryptos market can be random. But this time, the crypto billionaire and entrepreneur Mike Novogratz makes a daring bet: he thinks that Ethereum (ETH) has the potential to surpass Bitcoin in the next three to six months. At the same time, he estimates that Bitcoin could reach $ 150,000 in the near future.

Institutional investors fuel the progression of Ethereum

Ethereum's price jumped approximately 50 % in last month, recently reaching an annual summit at $ 3,848. Although the momentum has slowed down somewhat, ETH is increasing again, winning 2 % in the last 24 hours. However, there are 25 % below its historic record of $ 4,891 recorded in November 2021. But the feeling improved, and many expect an imminent return to these summits.

In An interview with CNBCNovogratz explains that the growing interest of institutional investors could continue to pull the price of Ethereum up. He stresses that some companies listed on the stock market now adopt a different strategy, choosing to accumulate ETH rather than focusing solely on Bitcoin, as did the Strategy company.

Companies like Bitmine Immersion, Sharplink Gaming or Bit Digital, Inc. discreetly accumulate large volumes of Ethereum in recent times.

A massive accumulation grows Ethereum to a major break

To support this dynamic, the analysts of The Birb Nest noted that portfolios holding between 10,000 and 100,000 eTH regularly increases their sales since the start of the year. This sustained accumulation reflects growing confidence among major investors and strengthens the recent impetus of Ethereum.

On July 24, Crypto Ali Martinez analyst also reported that the whales bought more than 1.13 million ETH in the past two weeks, for about $ 4.18 billion.

At the same time, American investors quickly inject capital into ETHEREUM ETF. These funds recorded an entry record of $ 726 million in one day last week, totaling 2.1 billion over the week. Proof of growing demand both on the institutional side and on the side of individuals.

According to Novogratz, Ethereum approaches the symbolic threshold of the $ 4,000. In the event of a crossing, it expects the price to come in the discovery phase, opening the way to new heights. He said:

Ether caught up a lot. One has the impression that if he crosses $ 4,000, he enters the price discovery phase. So we have the feeling that it is intended to test this ceiling several times.

He added:

I think Eth probably has a chance to outperform Bitcoin in the next three to six months.

Novogratz aims for a bitcoin at $ 150,000

If it is optimistic in the short term for Ethereum, Novogratz remains confident on the medium -term perspectives for Bitcoin. He plans that the BTC could climb up to $ 150,000 this year.

According to him, around $ 20 billion in new capital recently flocked to the cryptos market. This new influx brings private investors as well as companies that build balance sheets strongly exposed to Bitcoin, like Strategy.

He also underlines the macroeconomic context under the Trump administration. With the prospect of rate drops, pro-enterprise policies and an increase in capital investments, inflation could start upwards. In this context, Bitcoin – just like gold and silver – tends historically to perform well.

Novogratz admits that the bitcoin's Haussier movement is not linear, and that profits phases have recently taken place. However, he estimates that the market is currently in the price discovery phase, and that $ 150,000 is a realistic bullish target.

The only element likely to call into question his forecast is, according to him, a reversal of Trump, which would finally decide that it is no longer necessary to lower the rates. But so far, Novogratz remains confident: for him, Bitcoin remains effective coverage against inflation.