After bitcoin broke] $10,000, it’s more likely to go to $100,000,

After bitcoin broke] $10,000, it’s more likely to go to $100,000," said McGlone, referencing bitcoin's volatile price history. "The thing that I’ve underestimated this year is how much there’s been disdain and outflows from gold, and people giving up on gold and going to bitcoin, and going to bitcoin and ethereum, basically putting bitcoin and ethereum in the same bucket as gold." McGlone looks to ethereum's outsized performance this year—up 700% over the past 12 months compared to bitcoin's 300% rally—as further justification for his $100,000 bitcoin price prediction. "If bitcoin just catches up to ethereum, of which there have been some ETFs launched in Canada, it would be at $100,000," McGlone said. "In fact, it would be close to $130,000. So I think that’s part of the reason it’s probably gonna get there, and the question is when."