Thursday, October 28, 2021
Home Crypto News Market Galaxy Digital CEO, Mike Novogratz: Ethereum Can Become the Biggest Crypto

Galaxy Digital CEO, Mike Novogratz: Ethereum Can Become the Biggest Crypto

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Galaxy Digital CEO Mike Novogratz told Bloomberg that Ethereum could potentially flip Bitcoin one day during his June 30 interview. Mike Novogratz doesn’t rule out that Ethereum may overturn Bitcoin.


Video TimeLine (Jump to 2:30 for ETH Comments)

He mentions that Ethereum has a “very different use case” compared to BTC.

While bitcoin is designed as a store of value, its biggest competitor may serve as a baseline for Web 3.0.

He Said:

“I think Ethereum, most likely, or, maybe, become the biggest cryptocurrency one day.”

However, he also points out that Ethereum faces stiff competition from Blockchains like Solana, Terra, and other ecosystems.

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When asked if his clients are worried about the ongoing market correction, Novogratz replied that the crypto revolution is still in its early stages.

The crypto tycoon predicts that things that will be built on top of Ethereum or other platforms will be eye-popping in the next five years.

He claims that no one thinks that crypto is going away. Novogratz believes that regulation will make the industry even stronger.



Galaxy Digital CEO Mike Novogratz also said, following yesterday’s congressional hearing:

“the Bitcoin community needs to do a better job of educating lawmakers.”

 

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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