Steven McClurg, CEO of Canary Capital, predicts Bitcoin could reach $150,000 by year’s end due to increased ETF inflows and institutional interest, though he anticipates a bearish market in 2026. McClurg noted that Bitcoin's surge is attributed to rising demands from institutional buyers like sovereign wealth funds and pensions, as evidenced by its recent all-time high of $124,128. However, he remains skeptical about Ethereum, highlighting it as an outdated technology compared to newer blockchains like Solana and Sui. McClurg does not believe the recent Ethereum price surge will last, despite its recent performance gains. An analyst from Amberdata counters this view, stating that Ethereum’s deep developer ecosystem provides it resilience against competition. Additionally, Ethereum faces potential sell pressure as over 855,000 ETH currently sits in the validator exit queue, amounting to roughly $3.7 billion. McClurg also hints at a Litecoin revival in the market due to its capabilities in processing transaction data more efficiently than Bitcoin, situating it as a viable alternative for smaller transactions.

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