According to Cointelegraph, Vineet Budki, CEO of venture capital firm Sigma Capital, said that the "four-year cycle" of the crypto asset is not over, and the next bear market in the market could see a decline of "up to 70%".
He pointed out that due to the market's lack of understanding of the economic properties of bitcoin, when there are negative signals, holders of bitcoin tend to sell off quickly, causing sharp fluctuations.
Still, Budki is optimistic about the long-term prospects for Bitcoin, which is expected to reach "$1 million per coin" over the next decade.
Sigma Capital CEO: The four-year cycle is not over, and the next bear market could see a decline of up to 70%
2025-11-02 01:17:55
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