Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won't Last
Canary Capital CEO Steven McClurg predicts Bitcoin could reach $150,000 by the end of 2025, anticipating a subsequent bear market in 2026. This optimistic forecast comes amid growing institutional investment and demand for exchange-traded funds (ETFs). McClurg credits these inflows for Bitcoin's recent performance, which hit an all-time high of $124,128. However, he expresses skepticism about Ethereum, describing it as outdated and favoring newer blockchains such as Solana and Sui. Despite Ethereum's recent price surge, McClurg doubts its ability to maintain high levels, highlighting its lower transaction speed and costs compared to newer alternatives. In contrast, another analyst argues that Ethereum's robust developer ecosystem will allow it to thrive and even predict a potential price rebound against Bitcoin. Recent trends indicate a significant number of Ethereum holders are preparing to unstake their tokens, which could create selling pressure in the market. Meanwhile, McClurg mentions potential for Litecoin's resurgence as a viable transaction method, emphasizing the shifting dynamics in the cryptocurrency landscape.
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