McClurg believes Bitcoin still has room to rise by as much as 27% this cycle.
However, he warned that a new bear market could come next year. "I don't think Bitcoin will reach the $140,000 to $150,000 range this year," McClurg said in a CNBC interview on the 15th.
"I see a 50% or higher probability that this will happen, and then we'll face another bear market next year," he said, while other industry players are not expecting a short-term drop in Bitcoin prices.
As of 10:15 a.m. on the 18th, Bitcoin was trading at $117,318 on the cryptocurrency market price site CoinMarketCap, and McClurg's prediction was
He expressed skepticism about the current macroeconomic situation, stating, "I don't like the current economic situation at all." He also said that the Federal Reserve
He noted that the Fed should have cut interest rates at its last two meetings, adding that he expects two cuts in September and October.
According to the Bitcoin Watch Tool, the market is pricing in a 92.5% chance of a September interest rate cut. McClurg attributes the recent Bitcoin price increase to spot Bitcoin Equity.
He cited the inflow of funds and purchases based on corporate financial strategies. "That's what's driving the price," he said. "There's a lot of inflows, not just from small institutions but also from large national funds.
"Insurance companies are also showing active interest," he explained. Meanwhile, some Bitcoin supporters disagree with McClurg's bearish outlook.
In a June 11 interview, Ethereum chairman Michael Saylor said, "Winter isn't coming back," adding, "Unless Bitcoin gets to 0, it will eventually hit 100."
"We're heading for $10 million," he said. Bitwise Chief Investment Officer Matt Hogan also said:
In a video posted on X on July 27, Hougan said, "Bitcoin will rise in 2026," and added, "The next few years will be positive."
"The downward trend is expected to continue," he said.
2025/08/18 13:59 KST
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