Valkyrie CIO, Steven McClurg, recently made significant statements regarding Bitcoin, Ethereum, Litecoin, and XRP. In an interview with Fox reporter Eleanor Terrett, McClurg expressed his opinion on the security status of Ethereum. He believes that Ethereum could be classified as a security, which implies that the spot ETH ETF may not be approved in May.
McClurg further speculated that it is more likely for a Litecoin (LTC) or XRP spot ETF to be approved before Ethereum. Though these opinions are subjective, they provide insight into McClurg’s perspective on the future development of these cryptocurrencies.
Additionally, McClurg offered his 2024 price prediction for Bitcoin, estimating it to reach an impressive $150,000. These statements were made during a fireside chat at the Empower Conference organized by DWildcatters.
It is important to note that the information provided is for informational purposes only and should not be considered investment advice.