In a recent interview, Steven McClurg, CEO of Canary Capital, shared his forecasts about Bitcoin's future, asserting that there may be no more than 27% upside left in the current price cycle.
Steven McClurg's Predictions
McClurg stated that there is a greater than 50% chance Bitcoin could reach the $140,000 to $150,000 range this year. At the time of publication, the price of Bitcoin is $117,867, indicating that such a move would result in gains of 19% to 27%.
Economic Conditions and Bitcoin's Impact
McClurg expressed concerns about the broader economic environment. 'I don’t like the economic standing at all right now,' he noted. He anticipates that the US Federal Reserve may lower interest rates in September and October, with market indications suggesting a 92.5% chance of a cut. McClurg also attributed recent Bitcoin price movements to inflows from Bitcoin ETFs and purchases by large funds.
Opinions of Alternative Experts
While McClurg holds a cautious outlook, other experts have different views. Michael Saylor, executive chairman of Strategy, remarked, 'Winter is not coming back,' suggesting that Bitcoin will either not drop to zero or will rise to $1 million. Matt Hougan from Bitwise also expressed optimism, believing that 2026 will be a strong year for the market.
Despite varying forecasts and concerns about the economy, experts continue to monitor Bitcoin's market dynamics and expect significant changes in the coming months.
