以太坊與比特幣：Galaxy首席執行官Novogratz稱重

Galaxy數字首席執行官Mike Novogratz認為，在機構需求和良好的宏觀條件下，以太坊可能很快就會勝過比特幣。

Ethereum vs. Bitcoin: Galaxy CEO Novogratz Weighs In

以太坊與比特幣：Galaxy首席執行官Novogratz稱重

The crypto world is buzzing with speculation: can Ethereum (ETH) steal Bitcoin's (BTC) thunder? Galaxy Digital CEO Mike Novogratz thinks it's possible, citing growing institutional interest and supportive economic factors.

加密世界在猜測中嗡嗡作響：以太坊（ETH）可以偷比特幣（BTC）雷霆嗎？ Galaxy數字首席執行官Mike Novogratz認為這是可能的，理由是製度的興趣和支持性經濟因素不斷增長。

Ethereum's Ascent: Institutional Demand and Supply Squeeze

以太坊的上升：機構需求和供應擠壓

Novogratz, in a recent CNBC interview, highlighted Ethereum's increasing momentum. He pointed out that several firms are actively raising funds specifically to acquire ETH, like SharpLink Gaming, which holds over 360,000 ETH. This isn't just retail hype; it's real institutional money flowing into the market, especially with the launch of Ethereum ETFs. He estimates that over $20 billion has entered the crypto space recently, boosting both institutional and retail enthusiasm.

Novogratz在最近一次CNBC採訪中，強調了以太坊的勢頭的日益增長。他指出，幾家公司正在積極籌集專門為收購ETH的資金，例如Sharplink Gaming，該遊戲擁有360,000多個ETH。這不僅僅是零售炒作；這是流入市場的真正機構資金，尤其是隨著以太坊ETF的推出。他估計，最近超過200億美元進入了加密貨幣領域，增強了機構和零售熱情。

According to Novogratz, Bitcoin is solid, a store of value, but Ethereum is the growth play. If ETH breaks through key resistance levels, it could lead the next big crypto rally.

根據Novogratz的說法，比特幣是穩固的，是一種價值的存儲，但以太坊是增長。如果ETH突破了關鍵的阻力水平，它可能會導致下一個大加密集會。

Macro Trends Favoring Ethereum

有利於以太坊的宏觀趨勢

Novogratz also mentioned macro trends as a tailwind for Ethereum. Risk assets like ETH could benefit from inflation pressures, increased capital spending, and stimulus efforts by the U.S. and China. As long as the Federal Reserve remains dovish, ETH prices could keep climbing. The success of Ethereum ETFs, like BlackRock’s ETHA, which rapidly amassed $10 billion in assets, further fuels this growth.

Novogratz還提到宏觀趨勢是以太坊的逆風。像ETH這樣的風險資產可能會受益於通貨膨脹壓力，資本支出增加以及美國和中國的刺激努力。只要美聯儲仍然很糟糕，ETH價格就可以繼續攀升。像貝萊德（Blackrock）的Etha一樣，以太坊ETF的成功迅速積累了100億美元的資產，進一步增長了這一增長。

Base Case: Ethereum Layer-2 Dominance

基本案例：以太坊第2層優勢

Taking a look at developments in the Ethereum ecosystem, Coinbase's Base, an Ethereum layer-2 solution, is leading in revenue generation due to its unique fee model and decentralized exchange activity, surpassing other top rollups. According to Galaxy Digital, Base has generated an average daily revenue of $185,291, dwarfing Arbitrum's $55,025 and the combined $46,742 of 14 other leading rollups. Base's Sequencing Model and economic success can be attributed to its unique sequencing model, where users can pay a priority fee for expedited processing.

從以太坊生態系統中，Coinbase的基礎是以太坊2層解決方案，由於其獨特的費用模型和分散的交換活動，超過了其他頂級匯總，因此Coinbase的基礎是一種以太坊。根據Galaxy Digital的數據，Base的平均每日收入為185,291美元，矮人仲裁的$ 55,025，共同$ 46,742在其他14個領先的匯總中的$ 46,742。 Base的測序模型和經濟成功可以歸因於其獨特的測序模型，在該模型中，用戶可以為加急處理支付優先費用。

Bitcoin's Long-Term Outlook

比特幣的長期前景

Despite his bullishness on Ethereum in the short term, Novogratz hasn't abandoned his long-term view on Bitcoin. He still anticipates Bitcoin reaching $150,000, supported by favorable macro conditions. However, he cautions that a change in stance from figures like President Trump or the Federal Reserve could halt this progress.

儘管短期內對以太坊的看法，但諾沃格拉茨並沒有放棄他對比特幣的長期看法。他仍然預計比特幣將達到150,000美元，並得到有利的宏觀條件的支持。但是，他警告說，特朗普總統或美聯儲等人物的立場改變可能會阻止這一進展。

Nativo Resources Embraces Bitcoin

Nativo Resources擁抱比特幣

In other news, Nativo Resources Plc, a London-listed gold mining company, is allocating Bitcoin as part of its reserve assets. The policy, disclosed on July 7, 2025, involves using free cash flow from mining activities and future fundraises to purchase Bitcoin, which will be held as a long-term treasury asset. This move is a hedge against macroeconomic risks, including inflation, while leveraging Bitcoin’s perceived store-of-value properties.

在其他新聞中，倫敦上市的黃金礦業公司Nativo Resources Plc正在將比特幣作為其儲備資產的一部分分配。該政策於2025年7月7日披露，涉及使用採礦活動和未來籌款活動的自由現金流，以購買比特幣，這將作為長期財政資產持有。這一舉動是對宏觀經濟風險的對沖，包括通貨膨脹，同時利用比特幣可感知的價值儲存特性。

The Bottom Line

底線

So, will Ethereum overtake Bitcoin? Only time will tell. But with institutional interest rising, favorable macro trends, and innovative developments in the Ethereum ecosystem, the stage is set for an exciting crypto showdown. One thing's for sure: keep your popcorn handy!

那麼，以太坊會超越比特幣嗎？只有時間會證明。但是，隨著以太坊生態系統中的機構興趣上升，有利的宏觀趨勢和創新的發展，該階段將進行激動人心的加密攤牌。可以肯定的是：保持爆米花方便！