With August 3 shaping up to be a pivotal day for cryptocurrencies with the probable vote on the CLARITY Act, digital assets have started reacting to the expected tailwinds, with Bitcoin (BTC) gaining 7.25% in the last 30 days.
Still, with history warning that the expected legal framework might not pass and that the markets might not react as expected even if it does, Finbold elected to examine expert attitudes on the likely BTC price in August.
Is Bitcoin price headed above $600,000 after CLARITY Act passes?
To begin with, Lyndon Wood, a popular capital allocator focused on long-cycle economics and structural risk, published an X post on July 22 explaining that the Act itself is far less important than the structural demand it will enable.
Specifically, he predicted that a successful vote would lead to a lessened regulatory risk ‘discount,’ greater adoption in the banking sector, more corporate buying, and larger exchange-traded fund (ETF) inflows, all interacting with Bitcoin’s fixed supply and leading to long-term strength.
Wood also explained he anticipates a short-term ‘buy the rumour, sell the news’ behaviour and set his six-month BTC price target within the range between $80,000 and $130,000.
In the medium term, the expert added, the CLARITY Act would enable participation from previously excluded actors, thus leading a Bitcoin rally to $350,000 on the lower end of the spectrum, and above $600,000 at the higher end after the 24-month mark.
Experts uncertain if CLARITY Act can pass before the Midterms
Simultaneously, while Lyndon Wood is something of a standout for the height of his forecasts, he is far from the only observer bullish regarding Bitcoin’s future should the legal framework pass.
For example, FM Intelligence estimated that should the CLARITY Act pass, Bitcoin has one-in-four odds of reaching a range between $135,000 and $200,000 over the next year, while CK Zheng of ZX Squared Capital predicted the vote could represent the ‘ultimate catalyst’ and precede a strong new bull market.
Notably, FM Intelligence also has a significantly lower base case that calls for BTC reaching somewhere between $95,000 and $130,000, and Ed Engel from Compass Point reflected on $55,000 as a strong support zone if the framework is again postponed.
Indeed, Wall Street analysts – whose price targets have remained generally bullish throughout 2026 – appear reluctant to set sky-high estimates ahead of August 3, and Ali Martinez, the popular on-chain analyst on X, recently reiterated his January prediction that BTC will bottom in early October.
Bitcoin price performance ahead of August 3 CLARITY Act vote
Lastly, Bitcoin has been enjoying a cautious uptrend in recent trading and, after months of decline, rallied 8.66% in July to its press-time price of $64,286.93.
Still, the world’s premier cryptocurrency remains roughly 50% below the late 2025 all-time high (ATH) above $125,000 and 21% below the temporary May peak close to $81,000.
Featured image via Shutterstock
