Mike Novogratz: If the price of Ether exceeds 5,000, the rise will accelerate.

Galaxy Digital CEO Mike Novogratz answered questions from a Bloomberg reporter at a conference in Hong Kong hosted by Goldman Sachs. Novogratz particularly noted that cryptocurrencies, especially stablecoins, have a bright future ahead.

Novogratz, who stated that stable coins will also start to be used by artificial intelligence, additionally said that he thinks the rise of Ether's price would further increase if it surpasses 5 thousand dollars. The famous executive also mentioned that he cannot speak about the new Solana treasury company due to SEC regulations. Here are Novogratz's statements from the interview:

"I would give it a 10 out of 10"

The previous administration took every step against crypto. Right now, however, the US is moving 180 degrees differently. I would give the steps taken so far a 10 out of 10. Now, we have only one big piece left, which is the market structure law... I expect it to be passed either at the end of this year or at the beginning of next year.

"The US came from behind and became the leader"

While the US was a laggard in cryptocurrency, it has quickly become a world leader with the significant steps it has taken. Because it still holds the position of the world's largest economy... Not only small investors, but institutions are also coming. I am at Goldman Sachs' conference here because I came to discuss crypto with big companies. This also shows how much crypto has actually grown. Right now, large institutions are thinking about where they will stand in terms of tokenization and digitization.

"Gary Gensler couldn't say this"

The new SEC chairman said that every financial market needs to come on-chain. I think this was a too radical statement. Gary Gensler could not have said this. Zero percent chance...

"Stable coins will be used the most by artificial intelligence"

Until today, the vast majority of stablecoin usage has been in dollars. Most of these were for money transfers. But in the not-so-distant future, stablecoins will be most used by artificial intelligence. You will pick up your phone and say, 'Make my purchase,' and you will make the payment with stablecoins. Since your shopping agent already knows what you want to eat, it will make your purchase as you wish. Therefore, not only dollars but also stablecoins of other local currencies will be used.

"Ether will surpass 5 thousand dollars"

Predicting the markets is very difficult right now. If Ether surpasses 5 thousand dollars, it will go much higher. If it doesn't happen this year, it will happen next year. Still, in my opinion, it will happen this year. Don't forget, when you have the fastest horse, it runs quickly in the last 2 months of the bull season...

Published: September 3, 2025 12:36