SwanDesk CEO Jacob King has predicted that Bitcoin will not reach a new all-time high, citing market maturity and a lack of speculative frenzy as key reasons. King believes the current bear market marks the end of Bitcoin's explosive growth, arguing that institutional adoption and macroeconomic factors are insufficient to trigger another price surge. This prediction has sparked debate, with critics highlighting potential catalysts for growth, such as the 2024 Bitcoin halving and advancements in layer-2 solutions. The discussion underscores the ongoing uncertainty about Bitcoin's future price movements.