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  4. Ethereum has a change to displace Bitcoin as world’s largest crypto, Mike Novagratz says
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Ethereum has a change to displace Bitcoin as world’s largest crypto, Mike Novagratz says

During a Wednesday interview with Bloomberg, former hedge fund manager and the current CEO of Galaxy Digital Mike Novogratz opined that Ethereum might overtake Bitcoin in the near...
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Ethereum has a change to displace Bitcoin as world’s largest crypto, Mike Novagratz says © Reuters. Ethereum has a change to displace Bitcoin as world’s largest crypto, Mike Novagratz says

During a Wednesday interview with Bloomberg, former hedge fund manager and the current CEO of Galaxy Digital Mike Novogratz opined that Ethereum might overtake Bitcoin in the near future.

Despite being the first successful attempt at deploying a cryptocurrency, Novogratz is confident that Ethereum could become the core layer of the sematic web. The former hedge fund manager noted that apart from being the biggest contender of Bitcoin, Ethereum “a very different use case.”

I think Ethereum, most likely, become the second-biggest or, maybe, the biggest cryptocurrency one day.
The Wall Street veteran goes on to state that within the next five years, mind-blowing innovations will be deployed on Ethereum and other similar blockchains.

Speaking of other blockchain, Novagratz was quick to admit the strong competition Ethereum could face from platform like Terra, Solana, and other ecosystems.

When quizzed about the ongoing crypto market and its effects on his clients, Novogratz said that the crypto revolution was still very much in its early stages. He claims that the industry has move past the “bubble” stage and nobody thinks it will be going away. Furthermore, he admits that regulation is going to make the industry stronger.

Novogratz is one of the vocal proponents of cryptocurrencies. Last year, he revealed that he had a net value of at least 25% in liquid cryptocurrencies.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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GBP/USD

1.2475

-0.0015 (-0.12%)

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↑ Sell

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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↑ Buy

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

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4.5305

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81.14

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Brent Oil Futures

85.62

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1.946

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213.73

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

17,921.95

-196.37 (-1.08%)

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8,144.13

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17,763.03

+16.12 (+0.09%)

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1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

-246.40 (-2.22%)

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49.155

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27.35

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266.60

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Deutsche Lufthansa AG

6.714

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175.90

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
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USD25.088,0025.458,00
EUR26.475,3627.949,19
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JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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