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Canary Capital CEO: Bitcoin may rise to $150,000 this year, while Ethereum's rise is difficult to sustain
4hours ago

According to Odaily Planet Daily, Canary Capital CEO Steven McClurg stated in an interview that there is a greater than 50% probability that Bitcoin will rise to the $140,000-$150,000 range this year, but predicts a new bear market in 2026. He believes that ETFs and institutional capital inflows (including sovereign wealth funds, pension funds, and corporate coffers) are the main drivers of this round of price increases.

McClurg expressed reservations about Ethereum, calling it an “older technology” and predicting that its rally will taper off and not reach new all-time highs. He emphasized that emerging public chains like Solana and Sui have surpassed Ethereum in terms of speed, cost, and security.

Meanwhile, Greg Magadini, Director of Derivatives at Amberdata, believes that the Ethereum ecosystem possesses a network effect similar to that of the "iPhone platform," offering significant long-term competitive advantages. He predicts that the ETH/BTC ratio will rise to 7%, corresponding to an ETH price of approximately $8,000 to $10,000. He also predicts that Bitcoin will surpass $150,000 by 2025.

In addition, McClurg is also optimistic about Litecoin, believing it is expected to "make a comeback" and revealed that the company has applied to the SEC to launch a spot Litecoin ETF. (Decrypt)