Steven BTC prediction shows optimism for Bitcoin but questions ETH

Steven BTC prediction and ETF demand driving market optimism

Canary CEO, Steven McClurg has recently shared his opinion regarding the Bitcoin price forecast with media, that the Bitcoin has over a 50% chance of surging in its price to $140k to 150k this year. And also he showed a bearish reaction towards the slowly rising ETH.

Steven BTC prediction might come true but calling Ethereum an old technology and saying that cheaper chains like Solana and Sui will soon replace it. This Steven BTC prediction has made waves in the world of cryptocurrency specially among small investors and the beginners. The news has been recently shared by the Wu Blockchain on its social media platform X.

Source: X

According to the data of CoinMarketCap , in the past 7 days, coin's price has been moving up and down, sometimes hitting an all time high of $124,1296.7 and then dropping sharply by $117,291.52. Currently it has shown a rise again and is trading at $118,168.43 by a rise of 0.22%.

This also suggests that the Steven BTC prediction might be right, especially since strong ETF inflows are playing a key role in pushing the price upward.

Source: CMC

Can institutions and Market trends drive Bitcoin bullish run ?

Investors are getting more confident as big institutions like Strategy (628,946 BTC), MARA holdings (50,639 Coins) and XXI (43,514 coins)  are buying it and setting it as their treasuries. The firms are boosting their treasuries and investing their profits again into Bitcoins.

Recently, Michael Saylor told FBN that Wall Street still undervalues asset despite its 50%+ annual returns and status as a new asset class outperforming traditional markets.

ETH under fire: SOL and Sui emerge as strong rivals

The CEO is showing strong criticism for Ethereum saying that Solana and Sui both trade at $193.06 and $3.81 which is very low if compared to the price of Ethereum, currently running at $4,479 (at the time of writing).

But according to the CoinGabbar experts, ETH is showing its rise in price and ETF Inflows which suggests that in the coming time Ethereum’s price might reach around $6000.

It is very difficult for SOL and Sui to overpass Ethereum, but his prediction over Bitcoin might come true  at the end of the year.

Conclusion

Steven BTC prediction is shaping investor sentiment with Bitcoin’s rise backed by ETF inflows and big institutions. While his bearish view on Ethereum is debatable his bold call on golden coin hitting $150k this year looks more possible with every market move.