Canary CEO Predicts 50% Chance of Bitcoin Reaching $150,000

By the end of 2025, there is a 50% chance that the leading cryptocurrency will reach $140,000-$150,000, with a bear market expected in 2026. This was stated by Canary Capital CEO Steven McClurg in an interview with CNBC.

The current growth is attributed by the expert to demand from ETFs and an expanding base of institutional buyers, including sovereign and pension funds, as well as corporate treasury bonds.

“These inflows create a higher price for bitcoin,” he added.

The statement came amid filings by Canary to launch a series of exchange-traded funds in the US linked to altcoins. However, Ethereum products were notably absent.

McClurg himself criticized the second-largest cryptocurrency by market capitalization, calling its network outdated:

“I’m not a big fan of Ethereum simply because it’s old technology. There are many other protocols that are faster, cheaper for transactions, and fundamentally more secure.”

The CEO of Canary acknowledged that the blockchain showed “great development for about five years,” but now it struggles to compete with other projects like Solana or Sui. According to McClurg’s forecast, Ethereum will decline and not reach its all-time high in this cycle, even though on August 13 the coin came close to a record.

He also suggested a comeback for Litecoin, comparing it to silver in analogy to bitcoin as gold.

In the context of the near future, the CEO warned of seasonal volatility.

“Historically, August is a bad month for any risky asset, especially cryptocurrencies. September and October are traditionally much stronger,” he concluded.

Earlier, analyst and MN Trading founder Michaël van de Poppe identified the $121,000 level as key for the resumption of growth for the leading cryptocurrency.