Ethereum has been gaining ground in recent times, especially among institutional investors, as they believe that the leading altcoin is set to outperform Bitcoin. This is evidenced by the large buys that have dominated ETH as Ethereum treasury companies become a major player in the space. Amid this, billionaire and CEO of Galaxy Digital Investments, Mike Novogratz, has revealed the important level for Ethereum to beat to enter price discovery.

Ethereum Price Needs To Cross $4,000

În an interview with SquawkBox, Novogratz points to the recent strength of Ethereum amid rapid accumulation as a reason for it being a better bet than Bitcoin. The major reason outlined for why ETH was a better bet than BTC at this point is the fact that Ethereum treasury companies are now becoming a staple, with two ETH treasury companies, such as SharpLink and GameSquare Holdings, among others, already established and more on the way.

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As these companies continue to accumulate ETH, the billionaire explains that with not much supply, the Ethereum price is likely to rise. He also brings up the fact that Ethereum has a very powerful narrative, and the market reaching record short levels has also aided its bullishness.

Given these, Novogratz explained that the Ethereum price is at least destined to knock on the $4,000 level a few times. Also, once the altcoin is able to take out $4,000, then the billionaire believes that the ETH price will enter into price discovery, which could drive it higher.

As Ethereum continues to look like the better bet, he also believes that the altcoin could end up outperforming the Bitcoin price over the next 3-6 months. This gives a short timeframe, especially as Bitcoin has already hit multiple new all-time highs over the past year, and Ethereum is yet to beat its highs from 2021.

ETH Is Already Outperforming Bitcoin

So far, in the month of July, the Ethereum price has greatly outperformed that of Bitcoin in terms of gains, lending credence to Novogratz’s expectations that the altcoin will outperform the pioneer cryptocurrency. According to data from CryptoRank, ETH is up more than 45% this month already compared to the less than 8% on record for Bitcoin.

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Over the last 90 days, as well, the Ethereum price has doubled to put in more than 100% in gains. Meanwhile, Bitcoin’s gains still sit just above 22% for the same time period. Nevertheless, Bitcoin continues to dominate the market, with BTC dominance sitting above 61% and holding altcoin season at bay.

Featured image from Dall.E, chart from TradingView.com

Galaxy Digital CEO Mike Novogratz predicts Bitcoin (BTC) will one day be worth a whopping $1 million for two main reasons.

In a new interview on the Schwab Network, Novogratz says Bitcoin will eventually increase 850% from its current value due to increased adoption and a weakening US dollar.

“The price moves on two metrics. One is adoption, more and more people being introduced to it. We call it orange pilling them. Somebody orange pilled Larry Fink, that was a big deal, because now he got all BlackRock engaged. In Invesco, our partners engaged, and more and more financial institutions are engaged.

The other is the macro backdrop, which I think continues to be government spending too much money.”

He also believes that younger generations will prefer investing in the top crypto asset over gold, which would send Bitcoin higher.

“And so how do I think Bitcoin can go to a million? Well, gold is roughly a $20 trillion asset, and Bitcoin is roughly a $2 trillion asset. We had Warren Buffett retire. Charlie Munger passed away. They didn’t like Bitcoin. They’re not Bitcoin people, but I bet you their grandkids are right. Kids like digital stuff. And as we have this wealth transfer from baby boomers, who are all, rest their souls, going to slowly pass away and that money gets passed down, they’re going to be more willing to buy Bitcoin than gold.”

Novogratz previously said Bitcoin has become an “institutionalized macro asset” just like gold or silver.

Bitcoin is trading for $105,270 at time of writing, down 2.3% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Mike Mignola’s new dark folklore universe, Lands Unknown, is expanding, and if the next installment is anything like the first, we’re all in for a wonderfully weird ride.

Following the critical and commercial success of Bowling with Corpses and Other Strange Tales from Lands Unknown — an anthology of short, eerie, and shadowy tales (that sold out its first printing almost instantly) — Dark Horse Comics has just announced the follow-up. Uri Tupka and the Gods is a 104-page graphic novel written and drawn by Mignola, with colors once again by longtime collaborator Dave Stewart. The book arrives February 24, 2026.

Where Bowling with Corpses introduced us to a strange new world via a series of loosely connected tales, Uri Tupka zeroes in on one oddball character: Uri Tupka, a former Doctor of Theology turned fugitive heretic, wandering the lands in search of evidence that the gods are real. In classic Mignola style, the search quickly becomes far more than it seems.

“This is the first of two books tracing the life of Uri Tupka…” explains Mignola. “See Uri barely escape one disaster after another—pirates, bandits, witches and demons, giants and monsters. There is also a talking cat and a queen of the vegetables because, of course, why wouldn’t there be?”

If Bowling with Corpses was a pitch-perfect mash-up of folklore, dark fantasy, and the macabre — equal parts Italo Calvino and Edward Gorey — Uri Tupka and the Gods looks to expand that scope with a full-blown theological quest. But don’t expect a somber meditation on the divine order. This is Mike Mignola we’re talking about. The gods here look like they were doodled in the margins of a medieval apocalyptic manuscript after too much bog ale — and that’s a feature, not a bug.

Mignola describes Uri Tupka and the Gods as “some of the most fun I’ve ever had drawing comics.” With each new release, he seems ever freer to wander down increasingly bizarre narrative alleys, pairing his minimalist lines and dark shadows with an expanding menagerie of haunted knick-knacks, cursed body parts, and tragic figures trying (and often failing) to make sense of an unknowable world.

So, pack your haversack with hard tack, say your prayers (to gods who may or may not be listening), and prepare to follow Uri Tupka into lands unknown.

Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on the road to exchange money and could ultimately reach $1,000,000.

“Bitcoin has become a macro asset,” Novograts said. “And some of the great things are that most people have it on the screen next to gold and silver and S&P. And you remember ten years ago when people thought we were crazy. And now it’s an institutionalized macro asset… it’s just institutionalized.”

He emphasized that Bitcoin is no longer a fringe investment, but is part of the mainstream financial environment. He noted that the volatility is now considered normal compared to traditional assets.

“We’re in the Dolbear market. For the past 15 years, American exceptionalism has been a story. Europeans are broadly overweight, Asians are broadly overweight in US stocks, and we’re pretty clear about it,” he said. “Even the way Trump negotiates. And we can debate whether it’s been successful or not, but by telling people that they want Canada to be the 51st state and that they’re coming here to kiss his rear end, they don’t say, ‘Oh, I want to buy more dollars.’ ”

According to Novogratz, this global shift is pushing investors into non-dollar assets, including Bitcoin.

“I think most macro funds have had a great year,” he said. “They have short dollars, the euros are long, they are long yen, they are long Australians, long baskets of currencies.

He also pointed out the fixed supply of Bitcoin as a key factor in its increasing value.

“We don’t have Bitcoin anymore,” he said. “What’s unique about Bitcoin as an asset is that it was created with a total of 21 million coins. Period. End of the story. Nothing more. But not all of them were mined. Not my point. Most of them were lost.

Novograts believes that a wave of institutional involvement, including companies like BlackRock, solidifies the role of Bitcoin as a savings asset.

“The bull case will slowly replace gold with Bitcoin over time. So, when you look at the market capitalization of gold and the market capitalization of Bitcoin, Bitcoin has a long way to go.

Galaxy Digital chief executive Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will eventually catch up to the valuation of one soaring asset.

In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin.

But Novogratz notes that the markets needed the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs.

“We had a euphoric top right around [Trump’s] inauguration and a combination of a lot of things: Trump coin and whatnot…

Crypto went back and tested where the [US presidential] election breakout was. Now it looks like we’ll take out $106,000, $107,000, $108,000 and make the next to $130,000, $150,000.” 

Zooming out, Novogratz believes that Bitcoin and crypto will witness a massive surge in market cap over time and rival gold’s current valuation of about $22 trillion.

“And at that point, you’re at price discovery. I keep thinking that gold is a $22 trillion asset and crypto is a $2 trillion asset. And at one point, as more and more young people inherit the money from old people who kiss the face of god, you’re going to see crypto equal gold and that’s a long way from here.”

Last year, the billionaire said the millennials, who stand to inherit the largest transfer of wealth in history, are more inclined to invest in digital assets than their boomer parents or relatives.

The great wealth transfer will hand $90 trillion in assets to millennials over the next 20 years, according to the global real estate consultancy firm Knight Frank’s 2024 Wealth Report.

At time of writing, Bitcoin is trading for $103,137.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Billionaire Mike Novogratz says world leaders should act to take down Lazarus, the notorious North Korean hacker group responsible for the recent Bybit hack, which is believed to be the biggest heist in human history.

Novogratz, the CEO of crypto investment firm Galaxy Digital, says that Bybit did a world-class job of handling the hack, which ultimately resulted in $1.4 billion worth of Ethereum (ETH) being stolen from the exchange’s cold wallet.

Following the hack, some prominent figures in the industry have proposed the idea of rolling back the Ethereum network.

Blockchain rollbacks reverse transactions that have already been confirmed to restore the chain to a specified earlier state and are usually performed after a network undergoes a major security breach. In the case of ETH, a rollback will lead to a hard fork similar to what happened nine years ago during the Ethereum DAO hack when thieves drained 3.6 million Ether.

Novogratz strongly rejects the idea.

“This is a false narrative. Lazarus has been at it for years. They have stolen BTC, ETH and plenty of other cryptos.

There will be and should be no ETH fork. Bybit unfortunately will take a hit until their funds are recovered if our governments ever press NK (North Korea). The community will freeze the accounts and we move on.

The 2015 fork was at a very, very different time for the ecosystem. It was still a baby taking its first steps and steadying it made a ton of sense. Not true now.”

The Galaxy executive is also calling on world leaders to deal with the threat posed by the North Korean hacker group.

“It’s time world leaders do something about Lazarus.”

At time of writing, ETH is trading at $2,728.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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