Canary Capital CEO Predicts Bitcoin Could Reach $150,000 This Year, Ethereum Faces Challenges.
In a recent interview, Steven McClurg – CEO of Canary Capital – made a notable prediction about Bitcoin (BTC) price prospects in 2025. He believes that this largest digital currency has over a 50% chance of growing to the range of $140,000 to $150,000, thanks to strong momentum from capital flows of Bitcoin spot ETF funds, pension funds, national investment funds, and corporate treasuries.
McClurg also emphasized that after this strong growth phase, the digital currency market will likely enter a new downturn cycle in 2026. According to him, the increasing participation of large financial institutions is the primary driver of the current upward trend, but could also make the market more sensitive to global adjustments.
Meanwhile, for Ethereum (ETH), this CEO appears quite cautious. He predicts that ETH's growth will be difficult to sustain long-term and unlikely to establish new historical price peaks this year. The reason is that new public chains like Solana (SOL) and Sui (SUI) have outperformed Ethereum in transaction processing speed, low costs, and security factors, thereby threatening ETH's position.
However, not everyone agrees with this view. Greg Magadini, Derivatives Director at Amberdata, compares the Ethereum ecosystem to an "iPhone platform" with a strong network effect, creating long-term competitive advantages. He predicts the ETH/BTC ratio could rise to 7%, corresponding to ETH prices fluctuating around $8,000 - $10,000. Additionally, Magadini is optimistic that Bitcoin could break through $150,000 in 2025, given increasingly high global demand.
