Steven McClurg, CEO of Canary Capital, forecasts Bitcoin could reach $150,000 by year-end, attributing the price surge to growing institutional interest and ETF inflows. He highlighted Bitcoin's recent all-time high of $124,128 as indicative of strong demand. However, McClurg expressed skepticism about Ethereum, criticizing it as outdated technology compared to newer blockchains like Solana and Sui. Despite Ethereum's recent surge, he predicts it will not return to its previous highs. Market observers point to several factors behind Ethereum's climb, including regulatory changes and deflationary dynamics, but McClurg remains unconvinced. While some experts believe Ethereum may still catch up to Bitcoin in relative value, he further predicts a potential rise for Litecoin as a complement to Bitcoin. The overall sentiment suggests volatility in crypto markets, usually expected in August, with stronger trends anticipated in the fall.

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