Canary Capital CEO predicts: Bitcoin will reach $150,000 within the year, while Ethereum may struggle to maintain its glory

ChainCatcher news, according to Decrypt, Canary Capital CEO Steven McClurg

In an interview with CNBC, stated that Bitcoin has over a 50% chance of rising to $150,000 by the end of 2024. Steven McClurg attributed this increase to the growing demand for ETFs and the expanding group of institutional buyers, including sovereign wealth funds, pensions, and corporate bonds.

However, he is bearish on Ethereum's prospects, believing it will be replaced by emerging public chains like Solana. Analyst Greg Magadini pointed out that Ethereum's developer ecosystem advantages are hard to surpass, and he expects the ETH/BTC exchange rate to rebound to 7%.