Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won't Last
Steven McClurg, CEO of Canary Capital, predicts Bitcoin could reach $150,000 by the end of 2025, citing increased institutional demand and ETF inflows as significant drivers. Meanwhile, he expresses skepticism about Ethereum, noting that although it has enjoyed a strong run, he believes newer blockchains like Solana and Sui could surpass it. He dismisses Ethereum as outdated technology, despite its current rise in value. Analysts remain divided; some highlight Ethereum's strong developer ecosystem as a competitive advantage. McClurg forecasts a potential bear market for Bitcoin in 2026, aligning with historical market patterns, while he suggests that Litecoin could see a resurgence due to its transaction capabilities. The Ethereum network faces potential sell pressure from a high number of tokens waiting to be unstaked, raising questions about its price stability.
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