Canary Capital CEO Steven McClurg predicts that Bitcoin could reach $150,000 by the end of 2025, mainly due to rising institutional demand and ETF inflows. He cited Bitcoin's recent surge, breaking an all-time high of $124,128, driven by new investments from entities like sovereign wealth funds and pensions. Despite this optimism for Bitcoin, McClurg is skeptical about Ethereum's recent gains, indicating that it is an outdated technology compared to newer platforms like Solana and Sui. He does not foresee Ethereum reaching its previous highs and believes its dominance will wane as competitors emerge. Some analysts, however, defend Ethereum's position, noting its vast developer ecosystem and ongoing importance in the market. Another factor potentially affecting Ethereum is a significant amount of staked tokens—worth approximately $3.7 billion—that are set to be unstaked, which could put downward pressure on its price. Furthermore, McClurg has hinted at a resurgence for Litecoin, emphasizing its speed for smaller transactions. Overall, the cryptocurrency market is experiencing volatility, with seasonal trends indicating potential performance shifts in the coming months.

Source 🔗