Galaxy Digital CEO Michael Novogratz believes Ethereum has the potential to outperform Bitcoin in the next three to six months as institutional capital flows into Ethereum. Galaxy Digital holds over 52,000 ETH worth $193.95 million, making it the firm’s second-largest crypto position after Bitcoin. Novogratz sees Ethereum entering price discovery if it surpasses $4,000, citing major treasury companies raising capital to buy Ether. With a total visible crypto portfolio value of nearly $1.9 billion, Galaxy’s ETH holdings have increased significantly in the past two quarters, supporting a bullish outlook for the cryptocurrency.

Read more at Yahoo Finance: $4,000 Is Ethereum’s Last Hurdle Before Price Discovery, Says Galaxy Digital’s Mike Novogratz