Canary Capital CEO Predicts: Bitcoin to Hit $150,000 This Year, Ethereum May Struggle to Maintain Its Glory
According to ChainCatcher, as reported by Decrypt, Steven McClurg, CEO of Canary Capital
stated in an interview with CNBC that there is more than a 50% chance that Bitcoin will rise to $150,000 by the end of 2024. Steven McClurg attributes this surge to growing demand for ETFs and an expanding group of institutional buyers, including sovereign wealth funds, pension funds, and corporate bonds.
However, he is bearish on Ethereum, believing it will be replaced by emerging public blockchains such as Solana. Analyst Greg Magadini, on the other hand, pointed out that Ethereum's developer ecosystem advantage is hard to surpass and expects the ETH/BTC ratio to rebound to 7%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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