Crypto Expert Predicts Bitcoin to Reach $400,000, Solana $420, Ethereum in Decline

Veteran trader and Asymmetric founder Joe McCann recently shared his views on the future of several major cryptocurrencies, including Bitcoin, Solana, and Ethereum. McCann believes that Bitcoin's institutional flows could drive its price to the high six-figure range, while Solana is poised to reach a mid-three-digit print. However, he expressed skepticism about Ethereum's investment case, suggesting that it is increasingly threadbare.

McCann argued that traditional patterns of post-halving rotation in the crypto market have been overwhelmed by spot-ETF inflows and a headline-driven market. He believes that sovereign wealth funds, pensions, and corporations are hoarding Bitcoin in the same way they once hoarded gold, but with an immutable supply cap. With uncertainty indices at all-time highs and US trade policy setting the tempo of risk assets, McCann sees a probabilistic path toward enormous upside for Bitcoin once local maxima on tariffs are understood.

McCann also highlighted the potential impact of US administration initiatives, such as the proposed Strategic Bitcoin Reserve buys or Senator Cynthia Lummis’s proposal, on Bitcoin's price. He suggested 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 these initiatives.

McCann's high-conviction satellite is Solana, which he credits for its throughput during last month's meme-coin launch. He believes that wallet abstractions such as Moonshot, and the migration of stable-coin flows from Ethereum, have removed the UX friction that capped the last cycle. With spot-Solana ETFs already live in Canada and US filings advancing, he projects that Solana's price could reach at least $420, a figure he reiterated more than once.

In contrast, McCann's hedge-fund book carries only one structural short: ETH. He offered a blunt rationale: once-innovative technology, but an asset now 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. McCann concluded that the asset is not worth owning and that anytime Ethereum rips, it is usually a good time to take profits across the board on everything.

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McCann doubts the return of the indiscriminate alt-season that characterized prior tops. He argued that liquidity has bifurcated into Bitcoin ETFs on one end and high-velocity meme-coin venues on the other. Tokens in between must now defend themselves with real protocol revenue, not just governance. If they do, he foresees a coming wave of dividend-style crypto ETFs aimed at yield-hungry boomers; if they don’t, most of them will trade to zero.