In a recent interview, Steven McClurg, CEO of Canary Capital, forecasted that Bitcoin could reach $150,000 by the end of the year, driven largely by institutional demand and ETF inflows. McClurg noted that Bitcoin has already hit new highs, surpassing $124,000 recently. He attributed the surge to the growing presence of sovereign wealth funds and corporate treasuries in the crypto market. Despite Bitcoin's promising outlook, he expressed skepticism about Ethereum, suggesting it is an outdated technology compared to newer blockchains like Solana and Sui. McClurg stated that while Ethereum has had a strong run, its dominance may wane in favor of faster and cheaper alternatives. Some experts counter his view, arguing that Ethereum's established developer ecosystem makes it hard to compete against. They predict Ethereum could still reach between $8,000 to $10,000. Moreover, with a significant amount of Ethereum poised to be unstaked, analysts warn this might lead to increased selling pressure. The crypto market remains volatile, with a historically challenging month ahead, but McClurg remains optimistic about Bitcoin's future performance.

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