Canary CEO: Bitcoin is expected to rise to $150,000 this year, but doubts remain about Ethereum's ability to maintain its upward trend

According to Mars Finance news on August 17, as reported by Decrypt, Canary Capital CEO Steven McClurg stated that Bitcoin could rise to $150,000 by the end of this year, but a new bear market is expected in 2026. At the same time, he expressed skepticism about whether the recent rise in Ethereum can be sustained. This Bitcoin prediction comes as the cryptocurrency market approaches historical highs, with institutional investors pouring into Bitcoin ETFs. He attributed the increase to growing demand for ETFs and the expansion of the institutional buyer group, which includes sovereign wealth funds, pensions, and corporate finance departments.