Canary Capital CEO Steven McClurg has expressed his concerns about the economy and warned that there may be only a limited upside left for Bitcoin before entering a downtrend. According to McClurg, there is more than a 50% chance that Bitcoin will reach the $140 to $150 range this year, representing gains of 19-27%.
McClurg fears a broader economic bear market ahead and believes the US Federal Reserve should have already cut rates at its last two meetings. He expects rate cuts in September and October, with market participants pricing in a 92.5% chance of a Fed rate cut in September.
The majority of Bitcoin’s recent price action is attributed to spot Bitcoin ETFs inflows and treasury firm purchases, which McClurg believes are driving the price up. However, not all experts share this view.
Michael Saylor, strategy executive chairman, disagrees with the idea of another bear market, stating that “Winter is not coming back” and predicting a $1 million price tag for Bitcoin if it doesn’t go to zero.
Bitwise chief investment officer Matt Hougan also expressed confidence in Bitcoin’s future performance, saying he expects 2026 to be an up year and predicting a good few years for the cryptocurrency.
Source: https://cointelegraph.com/news/bitcoin-price-forecast-2025-bear-market-dooms-crypto-executive