Galaxy Digital CEO and famous billionaire Mike Novogratz states that the leading altcoin Ethereum can overshadow Bitcoin. Let’s examine Mike Novogratz’s most talked-about statements together…
Mike Novogratz: Leading altcoin Ethereum may eclipse Bitcoin
Galaxy Digital CEO Mike Novogratz said during an interview with Bloomberg on June 30 that Ethereum could potentially replace Bitcoin one day. Mike Novogratz adds the following to his comments on the subject:
I think Ethereum will most likely become the second largest or perhaps the largest cryptocurrency one day.
Mike Novogratz talks about Ethereum having a “very different use case” compared to the leading cryptocurrency.
Mike Novogratz: Things to build on Ethereum will be mind-blowing
According to the famous billionaire, while Bitcoin is a “beautifully designed” store of value, it could serve as the foundation layer for its biggest rival, Web 3.0. However, Mike Novogratz also points out that Ethereum is facing tough competition like Solana, Terra and other ecosystems.
The crypto king predicts that what will be built on top of Ethereum or other platforms will be mind-blowing in the next five years. When asked if his clients are concerned about the ongoing market correction, Mike Novogratz said that the crypto revolution is still in its early stages.
Mike Novogratz believes regulation will further strengthen the industry
This is why Mike Novogratz claims that no one actually thought cryptocurrencies would disappear. Mike Novogratz believes regulation will further strengthen the industry.
However, Mike Novogratz also noted that the cryptocurrency community should do a better job educating lawmakers after yesterday’s congressional hearing. Cryptocoin. com, for more cryptocurrency news “Analyst: Institutions Want to Push Bitcoin to $10,000!” You can review our article.
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