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Will Bitcoin enter a Bear Market next year? Experts warn: There is no confidence in the macro outlook.

Cailian Press
2025-08-18 11:27
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On August 18, the Financial Associated Press reported (Editor: Ma Lan) that Steven McClurg, CEO of the cryptocurrency asset management company Canary Capital, stated last week that Bitcoin could rise to a maximum of $150,000 during this uptrend cycle, 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 about to emerge.
Bitcoin is currently hovering around $115,800, with about 30% room for growth to reach the predicted price of $150,000. McClurg believes that the possibility of Bitcoin's price rising to the range of $140,000 to $150,000 this year is over 50%.
He attributed the recent rise in Bitcoin prices mainly to the inflow 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 falling behind, which are the real factors driving the price increase.
In addition, he warned that Ethereum is an outdated network. Although in recent weeks Ethereum has become one of the biggest gainers in cryptocurrency, 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.