Mike Novogratz Predicts Ethereum Will Hit $4K as Institutions Pile In
Ethereum is catching serious attention from institutions, and Galaxy Digital CEO Mike Novogratz believes that could tilt the crypto balance. With large firms like BitMine, Sharplink Gaming, and Ether Machine collectively holding over 1.3 million ETH, a potential supply crunch may be in the making.
Novogratz told CNBC that this surge in institutional interest could be the “secret sauce” pushing Ether past $4,000 in the coming months.
Interestingly, raising the bull vibes, firms like BitMine, Sharplink Gaming, and The Ether Machine now hold billions in ETH in their treasuries. ETH is increasingly seen as a strategic reserve and yield-bearing asset, reshaping its narrative from utility token to digital collateral.Strong Hands, Limited SupplyWith Ethereum trading around $3,618, Novogratz feels ETH is “destined” to knock on the $4,000 door and possibly break into price discovery if it does. He...