Canary Capital CEO Claims Bitcoin Will Reach This Point and Then Experience a Major Bear Market
Canary Capital CEO Steven McClurg told CNBC Crypto World that a $140,000-$150,000 range is possible for Bitcoin (BTC) by the end of the year, but a full-scale bear market could occur in 2026.
McClurg stated that one of the main reasons for the rise in Bitcoin's price is strong institutional inflows into spot ETFs. He noted that large investment funds, as well as some sovereign wealth funds, pension funds, and insurance companies, have also shown interest in Bitcoin.
McClurg also highlighted advances in crypto regulation in the US, stating that altcoin ETFs could launch next September or October thanks to the SEC's new “general listing standards.” He also described the passage of the stablecoin regulatory law as a turning point for the industry.
McClurg said that Bitcoin could rise to $150,000 if the FED cuts interest rates, but added that increasing credit card, student loan and mortgage defaults would weaken consumer demand in the US economy and pave the way for a bear market in 2026.
McClurg, who argued that they were cautious about Ethereum and that the technology was outdated, announced that they had applied for a spot ETF for Litecoin. “Litecoin has always been considered the silver of Bitcoin,” McClurg said. “Thanks to code updates and Ordinals integration, it's regaining its strength.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s Wyckoff Cycle Breakout: A Catalyst for a New Bull Run?
- Ethereum's $4,389.14 close on August 31, 2025, reflects a Wyckoff accumulation breakout above $4,200 resistance, signaling institutional buying control. - On-chain metrics show 35M ETH staked (30% supply), $320B August transaction volume, and 53% DeFi TVL in tokenized real-world assets, boosting utility and scarcity. - Analysts project $6,000–$20,000 targets based on historical 2017/2020 parallels and $158M BlackRock ETF inflows, though rising wedge patterns and NVT ratios pose short-term risks. - Instit
Trump's Tariff Gambit Unraveled by Court and Chaos
- U.S. appeals court ruled Trump's global tariffs illegal under IEEPA, rejecting emergency powers as legal basis. - Decision could remove $100B+ in tariffs, trigger refunds, and disrupt ongoing trade negotiations with China/EU. - EU faces pressure to retaliate against Trump's "reciprocal tariffs" while advancing joint framework to cut U.S. car tariffs. - Legal uncertainty undermines Trump's trade strategy, with experts warning of destabilized global trade relations.
Ethereum's Liquidity Pools and Institutional Re-entry: A Strategic Buy Signal for Q4 2025
- Ethereum's Q3 2025 institutional adoption surged with $27.6B in liquidity post-SEC utility token reclassification, driving 60% crypto portfolio allocations to ETH-based products. - Layer 2 networks (72% TVL growth) and LSDs (29.6% staked ETH) reshaped liquidity, reducing gas fees 90% post-Dencun/Pectra upgrades. - 30% ETH staking rate and $6.6B corporate staking inflows created self-sustaining demand, while ETFs captured $9.4B in Q2-Q3 2025 inflows surpassing Bitcoin. - Macroeconomic tailwinds and RWA to
XRP's Path to $20: Technical Scenarios and Institutional Tailwinds Justify Aggressive Positioning
- XRP's 2025 price trajectory hinges on SEC's digital commodity reclassification, unlocking $1.2B in ETF inflows and institutional demand. - Technical analysis highlights $3.00–$3.50 "Bifrost Bridge" as critical threshold, with whale accumulation of 1.2B XRP ($3.8B) suppressing selling pressure. - A sustained $3.50+ breakout could trigger $7–$27 price targets by mid-2026, supported by Fibonacci extensions and ETF-driven buying cycles. - Historical cup-and-handle pattern backtests show strong short-term gai
Trending news
MoreCrypto prices
More
