Bitcoin To $400,000, Solana To $420, Dump ETH: | Solana News
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In an interview that spanned every little thing from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forceful—however narrowly focused—thesis: Bitcoin’s institutional flows can propel it to the high six-figure vary, Solana is “the fastest horse” towards a mid-three-digit print, and Ethereum’s investment case is more and more threadbare.
Bitcoin To $400,000
McCann started by hanging at one of crypto’s longest-lived touchstones. “It’s become clear to anyone who follows crypto that the four-year cycle is effectively dead,” he instructed host Scott Melker, arguing that conventional patterns of post-halving rotation have been overwhelmed by spot-ETF inflows and by what he calls an unprecedented “headline-driven market.”
Those flows, he stated, are solely starting. Sovereign wealth funds, pensions, and companies are “hoarding Bitcoin the way they once hoarded gold,” however not like bullion, the provision cap is immutable. With uncertainty indices at all-time highs and US commerce coverage setting the tempo of risk belongings, McCann sees a probabilistic path towards huge upside as soon as “local maxima” on tariffs are understood.
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“If Trump does deregulation, if he chills out on tariff policy, you could see Bitcoin actually rip two, three, four-hundred thousand dollars. It really is just a number. It’s more about the flows.”
Pressed for timing, the CEO of Asymmetric wouldn’t anchor to a particular date, however he did define the mechanics: reflexive price motion in a thinly equipped market. Bitcoin, nonetheless a “fraction of the market cap of gold,” now trades in an surroundings the place gold’s 40% year-to-date rally has revived the digital-gold narrative. A break of the Bitcoin-gold cross to the upside might lure capital away from bullion “simply because it’s easier to transport and censorship-resistant.”
The implication is that a decisive break above the psychological $100,000 might speed up shortly to the headline determine of $400,000 on ETF demand alone—significantly if the US administration strikes forward with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a funds impartial approach or Senator Cynthia Lummis’s proposal.
Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | @joemccann
0:00 Intro
2:27 Trump’s Impact on Markets
5:11 Crypto’s Massive Repricing
8:30 Gold vs Bitcoin
13:22 Bitcoin Correlation Debate
16:16 Digital Gold Future
19:06 Trump’s Crypto Influence
23:18 Meme Coins… pic.twitter.com/U52rvt39LL— The Wolf Of All Streets (@scottmelker) May 11, 2025
Where Are Solana And Ethereum Heading?
If Bitcoin is McCann’s 70% core place, Solana is his high-conviction satellite tv for pc. He credit the community’s throughput during final month’s Trump-branded meme-coin launch—“the chain did not suffer; it hummed right along”—as a proof-of-scale second. Wallet abstractions comparable to Moonshot, and the migration of stable-coin flows from Ethereum, have in his view eliminated the UX friction that capped the final cycle.
“When the most popular person on the planet launches a meme-coin on Solana, what does that tell you? We have infrastructure ready for mass adoption.”
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With spot-Solana ETFs already reside in Canada and US filings advancing, he tasks that “given the fundamentals coupled with ETF flows… Solana’s got to be at least $420,” a determine he reiterated more than as soon as.
By distinction, McCann’s hedge-fund ebook carries just one structural short: ETH. He supplied a blunt rationale: once-innovative technology, however an asset now “being cannibalized by its own L2s.” With gasoline averaging one cent, payment income is inadequate to reward holders, and institutional channels choose tokens that both accrue protocol cash-flow or sit inside ETF wrappers—standards he doesn’t see Ethereum satisfying.
“The asset is not worth owning,” he concluded. “Anytime Ethereum rips, usually take profits across the board on everything.”
McCann doubts the return of the indiscriminate “alt-season” that characterised prior tops. Liquidity, he argued, has bifurcated into Bitcoin ETFs on one finish and high-velocity meme-coin venues comparable to Pump.Fun on the opposite. Tokens in between should now defend themselves with “real protocol revenue, not just governance.” If they do, he foresees a coming wave of dividend-style crypto ETFs geared toward yield-hungry boomers; in the event that they don’t, “most of them will trade to zero.”
At press time, BTC traded at $104,528.
Featured image created with DALL.E, chart from TradingView.com
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