Crypto

Novogratz: Ethereum outperforms Bitcoin – Alchimy.info

Galaxy Digital CEO Mike Novogratz said in a recent interview that Ethereum outperforms Bitcoin because it is more than just a hedge against inflation. With ETH, it is a technological bet. What else did Novogratz say?

Novogratz: bitcoin lags behind Ethereum

Mike Novogratz was recently interviewed by CNBC, where the seasoned investor spoke about Ethereum and Bitcoin. He said that the world’s largest cryptocurrency has limited use cases because it is primarily used as a hedge against rising inflation.

In the interview, Novogratz said that the Ethereum network enables the deployment of smart contracts and the creation of decentralized applications. According to him, it is a programmable blockchain network that finds applications in various areas, including DeFi and NFT. Novogratz says:

“This is why you see that Ethereum really outperforms Bitcoin. People see Ethereum as a technological gamble and bitcoin as a gamble on the devaluation of the fiat currency. “

Mike Novogratz also addressed the recent decline in cryptocurrencies in the interview. According to him, the price of bitcoin cannot fall below $ 40,000 because institutions and some countries have already understood the potential of this digital asset. He stated:

“People have come to realize that cryptocurrencies are an asset class and bitcoin is part of the cryptocurrency wallet.”

At the time of writing this article, the price of BTC is around $ 47,293 according to KMC. The price of ETH is around $ 3,966.

conclusion

The CEO of Galaxy Digital has joined the ranks of other figures who trust Ethereum more than Bitcoin. Analysts like Goldman Sachs and Mark Cuban support this idea. What do you think ? You can watch Mike Novogratz’s full video interview on the CNBC news portal by following the attached link HERE. [1]

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