According to foreign sources, China's Bitcoin miner Jiang Zhor believes that the BTC could fall back between $42,000 and $44,000 by the end of 2026. The article mentions that his judgement that downside risks are still not fully released is based on factors such as weak corporate currency valuation, rising macro-pressures and still tight interest rate expectations.

The bottom line that Jiang Dror gave us.

The report cites its view that the mNAV of Strategy has been reduced to 0.72, near the 2022 low point of 0.7. The article considers this change to be one of the signs that market risk has improved. Bitcoin fell to the level of $15 million in 2022.

The article also mentioned that bitcoin was moved down the line after a high point of $12.608 million in October 2025. Macro-uncertainty has since increased, superimposed geo-strained, partial withdrawal of funds from risk assets and increased market pressure.

Inflation and oil prices remain sources of pressure

It was reported that inflation in the United States rose to 4.2 per cent in May 2026 and that bitcoin was again weak earlier this month. If the prospects for the US-Iraq peace agreement are repeated, crude oil prices may continue to rise and further increase inflation and economic pressure.

According to the article, the Federal Reserve had maintained interest rates at its most recent meeting, but the market still expected that interest rates would increase twice during the year. In this judgement, the high interest rate environment may continue to suppress the performance of risk assets, including bitcoin.

  • mNAV for Strategy down to 0.72
  • The expected area of Jiang Dror is between $42,000 and $44,000.
  • It refers to a high of $12.608 million.

And the market has the opposite judgment.

However, the article also mentions that Anthony Scaramucci, founder of SkyBridge Capital, disagrees. He believed that bitcoin might be at the bottom and expected to improve in the coming months, possibly even to $70,000 next month.

In addition, the report mentions that the United States' Clarity Act may advance legislation this year. If the relevant legislation is laid down, the regulatory environment for the encryption industry is expected to be clearer and investor confidence may be boosted, thus providing some support for bitcoin.