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Canary Capital’s McClurg Sees Bitcoin Soaring to $150K Before Inevitable Downturn

Bitcoin could reach $150,000 before facing a bear market, Canary Capital CEO Steven McClurg said in a recent interview. The Canary CEO cited a confluence of sustained inflows into spot bitcoin exchange-traded funds (ETFs...

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Canary Capital’s McClurg Sees Bitcoin Soaring to $150K Before Inevitable Downturn
Bitcoin could reach $150,000 before facing a bear market, Canary Capital CEO Steven McClurg said in a recent interview. The Canary CEO cited a confluence of sustained inflows into spot bitcoin exchange-traded funds (ETFs)—projected at over $1 billion weekly—a persistently dovish Federal Reserve outlook despite lingering inflation concerns, and accelerating institutional adoption that has driven […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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