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In an interview that spanned every thing from macro-economics to meme-coin mania, veteran dealer and Uneven founder Joe McCann laid out a forceful—however narrowly focused—thesis: Bitcoin’s institutional flows can propel it to the excessive six-figure vary, Solana is “the quickest horse” towards a mid-three-digit print, and Ethereum’s funding case is more and more threadbare.
Bitcoin To $400,000
McCann started by putting at one among crypto’s longest-lived touchstones. “It’s change into clear to anybody who follows crypto that the four-year cycle is successfully useless,” 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.”
These flows, he mentioned, are solely starting. Sovereign wealth funds, pensions, and companies are “hoarding Bitcoin the best way they as soon as hoarded gold,” however not like bullion, the availability cap is immutable. With uncertainty indices at all-time highs and US commerce coverage setting the tempo of danger belongings, McCann sees a probabilistic path towards huge upside as soon as “native maxima” on tariffs are understood.
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“If Trump does deregulation, if he chills out on tariff coverage, you might see Bitcoin really rip two, three, four-hundred thousand {dollars}. It truly is only a quantity. It’s extra concerning the flows.”
Pressed for timing, the CEO of Uneven wouldn’t anchor to a selected date, however he did define the mechanics: reflexive worth motion in a thinly equipped market. Bitcoin, nonetheless a “fraction of the market cap of gold,” now trades in an setting 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 may lure capital away from bullion “just because it’s simpler to move and censorship-resistant.”
The implication is {that a} decisive break above the psychological $100,000 may speed up rapidly to the headline determine of $400,000 on ETF demand alone—notably 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 Value Proudly owning | @joemccann
0:00 Intro
2:27 Trump’s Impression on Markets
5:11 Crypto’s Huge Repricing
8:30 Gold vs Bitcoin
13:22 Bitcoin Correlation Debate
16:16 Digital Gold Future
19:06 Trump’s Crypto Affect
23:18 Meme Cash… pic.twitter.com/U52rvt39LL— The Wolf Of All Streets (@scottmelker) May 11, 2025
The place 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 throughout final month’s Trump-branded meme-coin launch—“the chain didn’t endure; it hummed proper alongside”—as a proof-of-scale second. Pockets abstractions akin 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 well-liked individual on the planet launches a meme-coin on Solana, what does that let you know? We have now infrastructure prepared for mass adoption.”
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With spot-Solana ETFs already dwell in Canada and US filings advancing, he tasks that “given the basics coupled with ETF flows… Solana’s received to be no less than $420,” a determine he reiterated greater than as soon as.
In contrast, McCann’s hedge-fund e-book carries just one structural quick: ETH. He supplied a blunt rationale: once-innovative know-how, however an asset now “being cannibalized by its personal L2s.” With fuel averaging one cent, price income is inadequate to reward holders, and institutional channels favor tokens that both accrue protocol cash-flow or sit inside ETF wrappers—standards he doesn’t see Ethereum satisfying.
“The asset just isn’t price proudly owning,” he concluded. “Anytime Ethereum rips, often take income throughout the board on every thing.”
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 akin to Pump.Enjoyable on the opposite. Tokens in between should now defend themselves with “actual protocol income, not simply governance.” In the event that 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 commerce to zero.”
At press time, BTC traded at $104,528.
Featured picture created with DALL.E, chart from TradingView.com