Bitcoin Projected to Reach $150K Before Potential Downturn, CEO Warns
Bitcoin Price Update
- Current price is $118,350 with a potential rise of 11% to $129,690 by September 15, 2025.
- The Fear & Greed Index is at 64 (Greed), with Bitcoin recording 43% green days in the last month and volatility at 1.65%.
Caution from Canary Capital CEO
- Steven McClurg suggests only 27% upside remains before a downtrend may start.
- He estimates a greater than 50% chance Bitcoin could reach the $140–$150k range this year, indicating potential gains of 20% to 30%.
Institutional Support Drives Gains
- Recent price increases attributed to spot Bitcoin ETF inflows and treasury purchases.
- Sovereign wealth funds and insurance companies are increasing allocations, but a slowdown in buying could hinder price support.
Macro Economic Concerns
- McClurg expresses concerns about the economy and US monetary policy timing, advocating for earlier rate cuts.
- September and October rate cuts expected; current CME gauge indicates a 92% chance of a September cut.
- Fed actions can impact risk assets, including Bitcoin.
Optimistic Projections
- Cathie Wood projects Bitcoin could reach $1.5 million by 2030 based on institutional demand.
- Michael Saylor asserts Bitcoin's value won't drop significantly, suggesting potential for $1 million if it doesn't go to zero.
- Mike Novogratz indicates midterm targets of $150k and long-term potentials of $500k–$1M, contingent on macro conditions and large buyers.