Insiders warn: Bitcoin will enter a Bear Market next year.

The CEO of the crypto company Canary Capital predicts that Bitcoin could rise to a maximum of $150,000 during this cycle, before entering a Bear Market next year, mainly due to concerns about the macroeconomic outlook.

Steven McClurg, CEO of the crypto asset management firm Canary Capital, stated last week that Bitcoin could rise to a maximum of $150,000 during this current upcycle, after which it would enter a downtrend.

The main reason for his judgment is that he is not optimistic about the prospects of the macro economy. Therefore, not only will Bitcoin face another bear market next year, but a widespread economic bear market is also imminent.

Bitcoin is currently hovering around $115,800, leaving about 30% room for growth to reach the predicted price of $150,000. McClurg believes that the probability of Bitcoin's price rising to the range of $140,000 to $150,000 this year is over 50%.

He attributes the recent rise in Bitcoin prices mainly to the influx of funds into the spot Bitcoin ETF and the actions of asset management companies purchasing digital coins. It's not just small institutions that have joined the wave of cryptocurrency purchases; large sovereign wealth funds are also not lagging behind, which are the real factors driving the price increase.

In addition, he warned that Ethereum is an outdated network. Despite Ethereum being one of the best-performing tokens in the cryptocurrency market in recent weeks, new blockchains like Solana and Sui have technically surpassed it. Therefore, he expects Ethereum to gradually decline, and its price may not reach new highs again.

Contrary viewpoint
McClurg's views on Bitcoin and Ethereum are undoubtedly quite pessimistic in the current environment, and many market participants do not share his bear market perspective.

Michael Saylor, the Executive Chairman of Strategy, predicted in June that as long as the price of Bitcoin does not drop to zero, it will rise to 1 million dollars. Bitcoin has already achieved a breakthrough, and the "winter" will not come again.

Matt Hougan, the Chief Investment Officer of Bitwise, also believes that the bull market for digital currency will not slow down anytime soon. He insists that 2026 will be a year of continued growth, and this upward trend will last for several years.

Greg Magadini, the Director of Derivatives at Amberdata, pointed out that although some people call Ethereum an outdated technology, Ethereum has a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate.

Based on this, Magadini expects the price of Ethereum to continue to follow the rise of Bitcoin, potentially reaching the range of $8,000 to $10,000. However, he also acknowledges that Bitcoin is expected to break $150,000 this year, which is related to hedging against inflation risks and changes in investor risk appetite.

He stated that Bitcoin is now like a mix of digital gold and risk assets, and in the context of the stock market rising while the Federal Reserve faces pressure to cut interest rates, this asset is being driven by two kinds of sentiment. #机构以太坊储备破1000万枚# #Strategy放宽股票出售规则# #Gate七月透明度报告发布# #BTC# #ETH#