Canary CEO predicts that Bitcoin will hit $ 150k this year – but Ethereum Surge will not last long

Bitcoin could climb as high as $ 150,000 before the end of the year, followed by another bear market in 2026, according to Steven McClurg, CEO of Canary Capital. But he is not convinced that the recent Ethereum -increase will continue.

The BTC prediction comes when crypto markets flirt with record highs and institutional investors are stacking in on listed funds (ETFs). Bitcoin reached a new highlight of $ 124,128 on Wednesday.

“There is a chance of more than 50% that Bitcoin will go to $ 140,000 to $ 150,000 this year before we see another bear market next year,” said McClurg in an interview with Friday with CNBC.

McClurg attributed the rally to the rising demand from ETFs and a growing base of institutional buyers, including sovereign wealth funds, pensions and company treasures.

“This intake creates a higher price in Bitcoin,” he said.

The forecast is because Canary Capital ETF requests requests to various Altcoins, including XRP, Sui, Cronus (CRO), Hedera (HBar) and the official meme coin by President Trump on Solana.

The company did not submit an ETF application with regard to Ethereum, which criticized McClurg as an outdated network-hard-to-Eth in recent weeks under large cryptocurrencies, which is approaching all time on Thursday before cooling next to the wider market.

“I am not a big fan of Ethereum, just because it is an older technology,” he said. “There are many other protocols that are faster, cheaper to handle and to be fundamentally safer.”

McClurg has credited Ethereum with “a great run in about a five -year period”, but said that newer block chains such as Solana and Sui have overshadowed it. “I expect it to take it and not see all time,” he added.

An analyst that Decrypt Speaked with the question of McClurg’s skepticism opposite Ethereum.

“Ethereum will be extremely difficult to compete with, despite what some call some ‘older technology’, because Ethereum owns the developer’s ecosystem,” Ambdata director of Derivaten said Greg Magadini Decodeer. “Just like the iPhone platform that enables developers to build apps directly on his infrastructure. Those network effects have only been compiled over time.”

Magadini predicts that Ethereum Bitcoin will overtake on a relative basis, where EH/BTC reaches 7% – an ETH price between $ 8,000 and $ 10,000.

Nevertheless, Magadini agreed that Bitcoin could exceed $ 150,000 in 2025, driven by inflation hedging and investors hunger for risks.

“Given the combination of a stock market trally and political pressure on the Fed to lower the rates, while inflation remains high, we have the perfect context for higher Bitcoin prices,” he said. “Bitcoin moves like a mix of digital gold and a risk-on assets and At the moment, both sentiments help to move the prices higher.”

Canary’s McClurg also drove the idea of a Litecoin -Comback, where it was compared to “silver” next to Bitcoin’s “Gold”. The company also submitted to the SEC to launch a Litecoin ETF place.

“Litecoin has the opportunity to process ordinals much faster,” said McClurg, referring to the digital art and data inscription that according to critics the Bitcoin network has tense (although less lately). “So I expect that Litecoin will return in an important way and will be used for smaller transactions.”

McClurg also noted that the seasonal Crypto seasonal could add volatility in the coming months.

“August is historically a bad month for every risk -active, especially cryptocurrencies,” he said. “September and October are usually very strong.”

Canary Capital did not respond immediately Decrypts Request for comments.