The CEO of investment firm Canary Capital, Stephen McClarg, shared his forecast regarding the future of Bitcoin. He believes that by the end of 2025, the price of Bitcoin could reach $150,000, with the probability of this scenario exceeding 50%.
This is reported by Finway
Demand for ETFs and Possible Market Corrections
According to McClarg, the rise in Bitcoin’s price is largely driven by the activity of major institutional investors who are showing increased interest in exchange-traded funds (ETFs) based on this asset. He noted that after reaching new historical highs, the market could enter a correction phase as early as 2026.
Prospects for Ethereum and Other Cryptocurrencies
Despite the positive dynamics of Ethereum, Canary Capital has decided not to launch an ETF based on this cryptocurrency. McClarg explained this decision by the low level of interest in the Ethereum network and considers its technology outdated. In his opinion, modern blockchain projects like Solana and Sui have already surpassed Ethereum in many respects.
“I am not a big supporter of Ethereum, simply because it is an old technology. Solana, Sui, and other solutions have already overtaken it.”
McClarg also stated that he does not expect new price highs for Ethereum in the future.
At the same time, Canary Capital has submitted an application to launch an ETF for Litecoin. McClarg compared this asset to “silver” in relation to “golden” Bitcoin.
The company’s head emphasized that August is traditionally a weak month for the cryptocurrency market. However, he predicts a new momentum for market growth in September and October.
Additionally, analysts at Fundstrat have previously expressed the opinion that the value of Ethereum could rise to $12,000–$15,000 by the end of 2025.