TechFlow, August 17 — According to Decrypt, Steven McClurg, CEO of Canary Capital, said in an interview with CNBC: "There's over a 50% chance that Bitcoin will rise to the $140,000–$150,000 range this year before entering a new bear market." McClurg attributed this potential surge to growing ETF demand and an expanding base of institutional buyers, including sovereign wealth funds, pension funds, and corporate treasuries.
However, McClurg does not believe Ethereum's recent rally will continue. "I'm not a fan of Ethereum simply because it's older technology. There are many other protocols that are faster, have lower transaction costs, and are fundamentally more secure. Although Ethereum has performed well over the past five years or so, newer blockchains like Solana and Sui have already surpassed it. Ethereum is expected to gradually decline and won't reach new all-time highs again."
