Canary Capital CEO Steven McClurg recently stated in a CNBC interview that Bitcoin's performance is highly dependent on inflows from ETFs. Over the past year, institutions and advisors have begun allocating funds after completing due diligence. This includes not only small institutions but also sovereign wealth funds, pension funds, and endowment funds. Insurance companies, though the slowest to enter the market, are already inquiring.

He pointed out that these funds are pushing up the price of BTC, and treasury companies have also recently bought in large quantities. McClurg believes that there is a greater than 50% probability that Bitcoin will rise to $140,000-150,000 this year, benefiting from the Federal Reserve's loose policy, but a new bear market may occur next year.

When discussing Ethereum, he bluntly called it "outdated technology," saying that while the ETF has attracted attention, it's unlikely to reach new highs. In contrast, he expressed optimism about Litecoin, noting that founder Charlie Lee has been actively updating the code since returning to the foundation and making progress on Ordinals (digital inscriptions). McClurg believes that Litecoin, as "Bitcoin's silver," is poised for a strong comeback in micropayments and digital art applications.