Internet reports that Galaxy Digital founder and CEO Mike Novogratz believes Ethereum has failed to keep up with other cryptocurrencies such as Bitcoin and Solana. Novogratz said in an interview: "The market sentiment for Ethereum is extremely pessimistic. I think the biggest reason is Gensler's vague definition of ETH. He sued Consensys. Is ETH a securities? So Ethereum has come under some regulatory pressure." While discussing Ethereum's investment narrative and its differences from Bitcoin, Novogratz said Bitcoin has attracted increasing media attention since President Donald Trump delivered a speech at the 2024 Bitcoin Conference last summer. "Most of Ethereum's current market value is a store of value, but what gets people to pay attention to it is the story of web3. The reality of all crypto ecosystems is that the story brings enthusiasm, and enthusiasm creates value," he said.