PANews
PANews|Aug 18, 2025 07:55
Canary Capital CEO: BTC may reach 140000-150000 within the year, ETH technology will become outdated and will not reach new highs, Litecoin will return Canary Capital CEO Steven McClurg recently stated in an interview with CNBC that in the past year, institutions and advisors have started allocating BTC after completing due diligence. Not only small institutions, but also sovereign wealth funds, pension funds, donation funds, etc. have entered the market. Although insurance companies are the slowest, they are already consulting, and these funds are pushing up BTC prices. At the same time, treasury companies have also been buying in large quantities recently. McClurg believes that there is a more than 50% chance that Bitcoin will rise to $140000-150000 this year, benefiting from the Federal Reserve's loose policy, but there may be a new bear market next year. When talking about Ethereum, he bluntly stated that ETH is an "outdated technology", and although ETFs bring attention, it is difficult to reach new highs. In contrast, he is optimistic about Litecoin, stating that founder Charlie Lee will actively update the code and make progress on Ordinals after returning to the foundation. McClurg believes that Litecoin, as the "silver of Bitcoin," is expected to make a strong comeback in small payments and digital art applications.
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