Odaily News Mike Novogratz, founder and CEO of Galaxy Digital, believes that Ethereum has failed to keep up with other cryptocurrencies such as Bitcoin and Solana. Novogratz said in an interview: "Ethereum's market sentiment is extremely pessimistic. I think the biggest reason is Gensler's vague definition of ETH. He sued Consensys. Is ETH a security? So Ethereum has been under some regulatory pressure." When discussing Ethereum's investment narrative and how it differs from Bitcoin, Novogratz said that Bitcoin has attracted increasing media attention since President Donald Trump spoke at the 2024 Bitcoin Conference last summer. He said: "Most of Ethereum's current market value is a store of value, but what makes people pay attention to it is the story of web3. The reality of all crypto ecosystems is that stories bring enthusiasm, and enthusiasm creates value."