Stephen Maclurg from Canary Capital expects Bitcoin's price to reach between $140,000 and $150,000 this year.
Maclurg attributes the rise in Bitcoin's price to inflows from exchange-traded funds and treasury purchases by companies.
Michael Saylor and Matt Hogan differ in this opinion, as they do not expect any bear market soon.
Stephen Maclurg, CEO of Canary Capital, stated that Bitcoin's price could rise to $140,000 or $150,000 this year before a potential decline next year.
Speaking on CNBC's cryptocurrency segment on Friday, Maclurg predicted that Bitcoin could reach this range with a likelihood exceeding 50%, indicating a rise of between 19% and 27% from its current price.
Maclurg is concerned about the bigger picture, warning of the possibility of a broader economic recession. He believes the U.S. Federal Reserve should have already cut interest rates and expects cuts in September and October.
Divergent views on Bitcoin's future
Maclurg attributes the recent rise in Bitcoin's price to significant cash inflows into spot Bitcoin exchange-traded funds and companies holding Bitcoin as a treasury asset. He has noted interest not only from small businesses but also from major players such as sovereign wealth funds and insurance companies. However, he believes this wave of buying may peak soon, paving the way for a bear market next year. Nevertheless, not everyone agrees with this view.
The recent rise in Bitcoin's price is attributed to significant cash inflows into spot Bitcoin exchange-traded funds and companies holding Bitcoin as a treasury asset. He has observed interest not only from small businesses but also from major players.
Michael Saylor, a prominent figure in the cryptocurrency industry, stated on June 11 that Bitcoin's tough days are over. He believes that if Bitcoin does not collapse to zero, it will reach a million dollars.
Matt Hogan from Bitwise also expressed optimism, stating in a video posted on July 26 on X that he expects 2026 to be a good year for Bitcoin, as the bull market remains strong.
With markets favoring a 92.5% chance of interest rate cuts by the Federal Reserve in September, according to the Chicago Mercantile Exchange monitoring tool, Bitcoin's trajectory is linked to cryptocurrency trends and economic movements.
Maclurg's cautious outlook contrasts with the optimism of others, making it difficult for investors tracking the next steps for Bitcoin. The combination of significant investments and economic uncertainty keeps the cryptocurrency world in a debate about what lies ahead.