Recent statements from Canary CEO Steven McClurg regarding Bitcoin price predictions have drawn attention from investors. He suggests Bitcoin could reach between $140k to $150k this year.
Steven BTC Prediction and Its Implications
According to Steven McClurg, Bitcoin has over a 50% chance of hitting $150k. He also described Ethereum as outdated, predicting that cheaper blockchains like Solana and Sui could soon replace it. This statement created significant interest, especially among novice investors.
Institutional Investments and Their Impact on the Market
Significant institutional investments are supporting Bitcoin. Companies such as Strategy and MARA Holdings are actively accumulating Bitcoin in their treasuries. The rising demand for ETFs is also contributing to price increases, fostering optimism among investors.
Ethereum's Competition with New Players
McClurg's criticism of Ethereum stems from its significantly higher price compared to Solana and Sui. However, CoinGabbar experts argue that Ethereum is also showing price growth and could reach around $6000, despite the competition from newer players.
Steven McClurg's predictions about Bitcoin shape a positive market sentiment, yet his bearish view on Ethereum generates discussions. With the growing support from ETFs, the likelihood of Bitcoin hitting $150k becomes increasingly realistic.
