Mike Novogratz’s Ethereum Predictions

Mike Novogratz’s Galaxy has predicted that the price of Ethereum (ETH), the leading altcoin, will be trading above $5,500 in 2025.

A friendlier regulatory environment for the decentralized finance (DeFi) sector is seen as a major bullish catalyst for the altcoin.

Galaxy Research believes that traditional capital markets will likely experiment with public blockchains within regulatory sandboxes.

As reported by U.Today, the Ether price generally tends to outperform in Q1, and many market participants expect this seasonal trend to continue.

During the 2021 bull run, Ethereum overperformed due to the rising popularity of non-fungible tokens (NFTs). Galaxy forecasts a comeback of NFTs next year.

Regarding the DeFi sector, Galaxy Research anticipates it entering the “dividend era” in 2025, with on-chain applications distributing more nominal value to users and holders.

Bitcoin Predictions

The firm also believes the price of Bitcoin could potentially test $185,000 in 2022 and surpass $150,000 in the first half of 2025.

According to Galaxy, a combination of institutional, corporate, and nation-state adoption will drive Bitcoin to new heights in 2025.

Galaxy predicts that Ether will substantially outperform Bitcoin in 2025, with the ETH/BTC ratio potentially soaring to 0.06, although it might briefly dip below 0.03 before that.