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In an interview that spanned everything from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forceful—but narrowly targeted—thesis: Bitcoin’s institutional flows can propel it to the high six-figure range, Solana is “the fastest horse” Ethereum’s case for investment is becoming increasingly flimsy as it moves towards a print of mid-three digits.
Buy Bitcoin for $400,000
McCann’s first attack was on one of cryptography’s most enduring touchstones. “It’s become clear to anyone who follows crypto that the four-year cycle is effectively dead,” He told Scott Melker that spot-ETF flows and what he called an unprecedented amount of money have impacted the traditional rotation patterns after halving. “headline-driven market.”
He said that these flows are just beginning. Sovereign wealth fundsPensions and corporate pensions are “hoarding Bitcoin the way they once hoarded gold,” The supply cap, unlike the bullion price cap, is not mutable. McCann believes that with uncertainty indexes reaching all-time heights, and US trade policy setting risk asset tempos, McCann can see a probabilistic route to enormous upside. “local maxima” Tariffs on goods are well 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.”
The CEO of Asymmetric, when asked about timing, refused to provide a precise date. However, he explained the mechanisms: a reflexive market with a low supply. Bitcoin, still a “fraction of the market cap of gold,” Gold’s rally of 40% in the year-to date has brought back the gold price. digital-gold narrative. The break-up of the Bitcoin/gold cross could attract capital from gold. “simply because it’s easier to transport and censorship-resistant.”
The implication is that a decisive break above the psychological $100,000 could accelerate quickly to the headline figure of $400,000 on ETF demand alone—particularly if the US administration moves ahead with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a budget neutral way or Senator Cynthia Lummis’s proposal.
Solana, Bitcoin and Ethereum: Not worth owning?| @joemccann
Intro 0:00
Trump’s impact on the markets
Crypto’s Massive Repricing
Bitcoin and Gold: What’s the Difference?
The 13:22 Bitcoin Debate
Future 16:16 Digital Gold
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?
McCann has a 70% conviction in Bitcoin. Solana, on the other hand, is a satellite of high-conviction. He credits the network’s throughput during last month’s Trump-branded meme-coin launch—”the chain did not suffer; it hummed right along”—as a proof-of-scale moment. He believes that wallet abstractions, such as Moonshot, along with the migration of Ethereum stable-coin flows, has removed UX friction.
“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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Spot-Solana ETFs are already available in Canada. US filings Several of his projects are in progress. “given the fundamentals coupled with ETF flows… Solana’s got to be at least $420,” A figure that he repeated more than once.
McCann, on the other hand, has only one structural short in his hedge fund book: ETH. His rationale was blunt: once innovative technology is now an asset “being cannibalized by its own L2s.” With gas averaging one cent, fee revenue is insufficient to reward holders, and institutional channels prefer tokens that either accrue protocol cash-flow or sit inside ETF wrappers—criteria he does not see Ethereum satisfying.
“The asset is not worth owning,” He concluded. “Anytime Ethereum rips, usually take profits across the board on everything.”
McCann questions the return of the indifference “alt-season” That characterized prior tops. He argued that liquidity has been split into Bitcoin ETFs and meme-coin exchanges such as Pump.Fun. The tokens between them must defend themselves now with “real protocol revenue, not just governance.” He predicts that if boomers are still yield hungry, they will be able to buy crypto-based ETFs with dividends. “most of them will trade to zero.”
BTC was trading at $104,528 as of the time this article went to press.
Featured Image created using DALL.E and chart from TradingView.com
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Source: www.newsbtc.com
