Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won't Last
Canary Capital CEO Steven McClurg forecasts that Bitcoin could rise to $150,000 by the end of 2025, driven by increasing institutional demand and ETF inflows. McClurg noted that Bitcoin's recent surge is being spurred by interest from significant investors, including sovereign wealth funds and pensions. However, he expressed skepticism about Ethereum's longevity, referring to it as outdated technology and preferring newer blockchains like Solana and Sui. Despite Ethereum's recent successes, including significant price spikes, McClurg believes it may not reach previous all-time highs. Some analysts challenge his view, emphasizing Ethereum's dominance in the developer ecosystem and its potential to continue growing. Additionally, concerns about a large volume of Ethereum being unstaked could create downward pressure on its price. The overall market is experiencing fluctuations, with McClurg predicting potential volatility in the coming months due to historical trends.
Source 🔗