以太坊与比特币：Galaxy首席执行官Novogratz称重

Galaxy数字首席执行官Mike Novogratz认为，在机构需求和良好的宏观条件下，以太坊可能很快就会胜过比特币。

Ethereum vs. Bitcoin: Galaxy CEO Novogratz Weighs In

以太坊与比特币：Galaxy首席执行官Novogratz称重

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.

加密世界在猜测中嗡嗡作响：以太坊（ETH）可以偷比特币（BTC）雷霆吗？ Galaxy数字首席执行官Mike Novogratz认为这是可能的，理由是制度的兴趣和支持性经济因素不断增长。

Ethereum's Ascent: Institutional Demand and Supply Squeeze

以太坊的上升：机构需求和供应挤压

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采访中，强调了以太坊的势头的日益增长。他指出，几家公司正在积极筹集专门为收购ETH的资金，例如Sharplink Gaming，该游戏拥有360,000多个ETH。这不仅仅是零售炒作；这是流入市场的真正机构资金，尤其是随着以太坊ETF的推出。他估计，最近超过200亿美元进入了加密货币领域，增强了机构和零售热情。

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.

根据Novogratz的说法，比特币是稳固的，是一种价值的存储，但以太坊是增长。如果ETH突破了关键的阻力水平，它可能会导致下一个大加密集会。

Macro Trends Favoring Ethereum

有利于以太坊的宏观趋势

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还提到宏观趋势是以太坊的逆风。像ETH这样的风险资产可能会受益于通货膨胀压力，资本支出增加以及美国和中国的刺激努力。只要美联储仍然很糟糕，ETH价格就可以继续攀升。像贝莱德（Blackrock）的Etha一样，以太坊ETF的成功迅速积累了100亿美元的资产，进一步增长了这一增长。

Base Case: Ethereum Layer-2 Dominance

基本案例：以太坊第2层优势

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.

从以太坊生态系统中，Coinbase的基础是以太坊2层解决方案，由于其独特的费用模型和分散的交换活动，超过了其他顶级汇总，因此Coinbase的基础是一种以太坊。根据Galaxy Digital的数据，Base的平均每日收入为185,291美元，矮人仲裁的$ 55,025，共同$ 46,742在其他14个领先的汇总中的$ 46,742。 Base的测序模型和经济成功可以归因于其独特的测序模型，在该模型中，用户可以为加急处理支付优先费用。

Bitcoin's Long-Term Outlook

比特币的长期前景

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.

尽管短期内对以太坊的看法，但诺沃格拉茨并没有放弃他对比特币的长期看法。他仍然预计比特币将达到150,000美元，并得到有利的宏观条件的支持。但是，他警告说，特朗普总统或美联储等人物的立场改变可能会阻止这一进展。

Nativo Resources Embraces Bitcoin

Nativo Resources拥抱比特币

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.

在其他新闻中，伦敦上市的黄金矿业公司Nativo Resources Plc正在将比特币作为其储备资产的一部分分配。该政策于2025年7月7日披露，涉及使用采矿活动和未来筹款活动的自由现金流，以购买比特币，这将作为长期财政资产持有。这一举动是对宏观经济风险的对冲，包括通货膨胀，同时利用比特币可感知的价值储存特性。

The Bottom Line

底线

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!

那么，以太坊会超越比特币吗？只有时间会证明。但是，随着以太坊生态系统中的机构兴趣上升，有利的宏观趋势和创新的发展，该阶段将进行激动人心的加密摊牌。可以肯定的是：保持爆米花方便！