Galaxy CEO Michael Novogratz: Ether has a chance to outperform bitcoin in the next 3-6 months

Market Trends & Bitcoin Analysis - Crypto market is experiencing a surge, driven by balance sheet companies investing in Bitcoin and other cryptocurrencies [3] - Bitcoin is currently trading around $118,000-$119,000, with a potential target of $150,000 if the current narrative continues [2][12][14] - The market has seen sellers, indicating it's not a one-directional trade [13] Macroeconomic Factors & Monetary Policy - The Federal Reserve is facing pressure to cut rates, creating a standoff [4][5] - Tariffs are expected to increase to 15%, adding inflationary pressure [6] - Business confidence is returning, leading to a potential surge in capital expenditure (capex) due to the new bill [6] - China is implementing a significant reflation effort as part of its monetary policy [10] Ethereum (ETH) & Tokenization - Ethereum (ETH) has the potential to outperform Bitcoin in the next 3-6 months [16] - If ETH breaks through $4,000, it will enter price discovery [15] - There are now two major ETH treasury companies raising capital and buying Ether, reducing supply [16]