Bitcoin Could Reach $150K in 2025 Before 2026 Bear Market, Says Canary Capital CEO
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Bitcoin’s relentless rally may not be over yet, according to Steven McClurg, CEO of Canary Capital.
Speaking in a Friday interview with CNBC, McClurg said the world’s largest cryptocurrency could surge as high as $150,000 before the end of the year, though he expects another bear market to emerge in 2026.
“There’s a greater than 50% chance that Bitcoin goes to the $140,000 to $150,000 range this year before we see another bear market next year,” McClurg explained.
His prediction comes as Bitcoin flirts with record highs, having set a new all-time peak of $124,128 on Wednesday. The surge has been fueled by steady inflows into exchange-traded funds (ETFs) and an expanding base of institutional buyers. McClurg pointed to growing participation from sovereign wealth funds, pensions, and corporate treasuries, which are increasingly allocating to Bitcoin as a strategic asset.
“These inflows are creating a higher price in Bitcoin,” he added, highlighting how ETFs have quickly become a dominant driver of demand.
However, McClurg also cautioned that the same momentum does not necessarily apply to Ethereum. While ETH has staged a strong run, he suggested its recent surge may not be sustainable in the months ahead.
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