Interesting Timing... NOT! (Patreon)

Novogratz CNBC Interview and BTC Dump Summary (July 24–25, 2025)

On July 24, 2025, Mike Novogratz appeared on CNBC expressing bullish views on Ethereum, suggesting ETH could hit $4,000 and will outperform Bitcoin in the next 3–6 months due to ETF approvals and growing demand.

Shortly after, on-chain data showed Galaxy Digital wallets (linked to Novogratz) moved ~30,000 BTC which caused a 6% Dump in BTC price.

The timing sparked irony online—accusations of manipulating sentiment by talking up ETH while dumping a crap ton of BTC—the memes are now flying.