Bitcoin to Hit $150K in 2024, Says Canary Capital CEO

Bitcoin to Hit $150K in 2024, Says Canary Capital CEO
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Canary Capital CEO Steven McClurg predicts Bitcoin could surge to $150,000 by year-end before a 2026 bear market. He favors newer blockchains like Solana over Ethereum, despite its recent rally. Analysts debate Ethereum’s long-term dominance amid shifting investor sentiment.

  • McClurg attributes Bitcoin's potential rally to ETF demand and institutional adoption, including sovereign wealth funds and pensions.
  • Ethereum faces skepticism from McClurg but retains strong developer support, with analysts predicting ETH could hit $8,000–$10,000.
  • Canary Capital has filed for spot ETFs tied to altcoins like XRP and Litecoin, which McClurg sees as a 'silver' to Bitcoin's 'gold.'
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