Canary Capital CEO Steven McClurg predicts Bitcoin may reach $150,000 by the end of this year, bolstered by institutional demand and ETF inflows. He notes that Bitcoin's recent price surge is partly due to increasing institutional participation from sources such as sovereign wealth funds and corporate treasuries, with Bitcoin hitting a new all-time high of $124,128. McClurg expressed skepticism regarding Ethereum, criticizing it as outdated and suggesting that newer blockchains like Solana and Sui are on the rise. He indicates that the current Ethereum rally may not sustain, calling it a 'great run' over the past five years. Some analysts believe Ethereum's competitive position remains strong due to its developer network and applications. In light of market conditions, McClurg suggests a potential bear market for Bitcoin as early as 2026 and raises the prospect of a Litecoin comeback.

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