Bitcoin could smash through $150,000 by the end of 2025 before a new bear market takes hold next year, according to Steven McClurg, CEO of Canary Capital. But while the flagship crypto continues to ride record institutional inflows, McClurg is openly skeptical that Ethereum’s recent surge will endure.
Speaking with CNBC on Friday, McClurg said there’s “greater than a 50% chance” Bitcoin climbs into the $140,000–$150,000 range this year, fueled largely by exchange-traded fund (ETF) demand and heavyweight institutional buyers like pensions, sovereign wealth funds, and corporate treasuries.
“These inflows are creating a higher price in Bitcoin,” McClurg noted, as BTC set a new all-time high of $124,128 on Wednesday.
Bitcoin hit a new all-time high last week, but has since pulled back, source: Bitcoin Liquid Index
Canary Capital itself is doubling down, filing ETF applications for a range of tokens including XRP, Sui, Cronus (CRO), Hedera (HBAR), and even a Trump-branded meme coin on Solana. Notably absent from the list? Ethereum.
Ethereum’s Rally Questioned
Ethereum has been the breakout performer among major cryptocurrencies in recent weeks, flirting with fresh record highs before cooling off. Yet McClurg is unimpressed.
“I’m not a big fan of Ethereum, only because it is an older technology,” he said. “There’s a lot of other protocols that are faster, cheaper to transact, and fundamentally more secure.”
He acknowledged Ethereum’s strong five-year run but believes newer competitors like Solana and Sui have already eclipsed it: “I do expect it to wane and not see all-time highs.”
The Counterpoint: Ethereum’s Network Effects
Not everyone agrees. Greg Magadini, Director of Derivatives at Amberdata, likened Ethereum’s dominance to Apple’s iPhone ecosystem.
“Ethereum will be extremely hard to compete with despite what some call ‘older tech,’ because Ethereum owns the developer ecosystem,” Magadini told Decrypt. “Those network effects only compound over time.”
He predicts ETH will strengthen against Bitcoin, with ETH/BTC reaching 7%—implying a price between $8,000 and $10,000.
Dual Tailwinds for Bitcoin
Even so, Magadini also sees Bitcoin’s path to $150,000 as credible, pointing to macroeconomic forces: high inflation, political pressure on the Federal Reserve to cut rates, and a broader equities rally.
“Bitcoin moves like a mix of digital gold and a risk-on asset,” he said. “And right now, both those sentiments are helping prices move higher.” If you don’t already own Bitcoin, now might be a good time to buy Bitcoin. Remember, the Bitwise price prediction for Bitcoin 2025 is $200,000.
The Bitwise Bitcoin price prediction for 2025 is $200,000.
Source: https://bravenewcoin.com/insights/canary-ceo-sees-bitcoin-soaring-to-150k-in-2025-but-dismisses-ethereums-rally-as-short-lived
