Bitcoin Could Reach $150K in 2025, Says Canary Capital CEO
The post Bitcoin Could Reach $150K in 2025, Says Canary Capital CEO appeared on BitcoinEthereumNews.com. Canary Capital’s Steven McClurg predicts Bitcoin could hit $140000 to $150000 this year. McClurg credits Bitcoin’s price jump to ETF inflows and treasury firm buying. Michael Saylor and Matt Hougan disagree, seeing no bear market soon. Bitcoin could climb to $140000 or $150000 this year before a possible downturn next year, says Canary Capital CEO Steven McClurg. Speaking on CNBC’s Crypto network on Friday, he estimated a better than 50% chance of Bitcoin hitting that range, which would mean a 19% to 27% jump from its current price. But McClurg is worried about the bigger picture, warning that a broader economic slump might be coming. He thinks the US Federal Reserve should’ve already cut interest rates and expects cuts in September and October. Mixed Views on Bitcoin’s Future McClurg credits Bitcoin’s recent price moves to big money flowing into spot Bitcoin ETFs and companies holding Bitcoin as a treasury asset. He’s seen interest from not just small firms but also huge players like sovereign wealth funds and insurance companies. But he believes this buying spree might peak soon, setting the stage for a bear market next year. Not everyone agrees, though. Bitcoin’s recent price moves to big money flowing into spot bitcoin etfs and companies holding bitcoin as a treasury asset. Hes seen interest from not just small firms but also huge players. Michael Saylor, a big name in the crypto industry, said on June 11 that Bitcoin’s rough days are over. He thinks if Bitcoin isn’t crashing to zero, it’s headed for $1 million. Bitwise’s Matt Hougan is also upbeat, saying in a July 26 video on X that he expects 2026 to be a good year for Bitcoin, with the bull market continuing strong. With markets betting on a 92.5% chance of a Fed rate cut in September,…
The post Bitcoin Could Reach $150K in 2025, Says Canary Capital CEO appeared on BitcoinEthereumNews.com.
Canary Capital’s Steven McClurg predicts Bitcoin could hit $140000 to $150000 this year. McClurg credits Bitcoin’s price jump to ETF inflows and treasury firm buying. Michael Saylor and Matt Hougan disagree, seeing no bear market soon. Bitcoin could climb to $140000 or $150000 this year before a possible downturn next year, says Canary Capital CEO Steven McClurg. Speaking on CNBC’s Crypto network on Friday, he estimated a better than 50% chance of Bitcoin hitting that range, which would mean a 19% to 27% jump from its current price. But McClurg is worried about the bigger picture, warning that a broader economic slump might be coming. He thinks the US Federal Reserve should’ve already cut interest rates and expects cuts in September and October. Mixed Views on Bitcoin’s Future McClurg credits Bitcoin’s recent price moves to big money flowing into spot Bitcoin ETFs and companies holding Bitcoin as a treasury asset. He’s seen interest from not just small firms but also huge players like sovereign wealth funds and insurance companies. But he believes this buying spree might peak soon, setting the stage for a bear market next year. Not everyone agrees, though. Bitcoin’s recent price moves to big money flowing into spot bitcoin etfs and companies holding bitcoin as a treasury asset. Hes seen interest from not just small firms but also huge players. Michael Saylor, a big name in the crypto industry, said on June 11 that Bitcoin’s rough days are over. He thinks if Bitcoin isn’t crashing to zero, it’s headed for $1 million. Bitwise’s Matt Hougan is also upbeat, saying in a July 26 video on X that he expects 2026 to be a good year for Bitcoin, with the bull market continuing strong. With markets betting on a 92.5% chance of a Fed rate cut in September,…
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