Atlas Capital CEO Warns Bitcoin Could Drop 70% Before Surging
2026-06-04 18:22:35
Reza Bundy, CEO of Atlas Capital, predicts a potential 70% drop in Bitcoin's value within the next six months, according to CoinDesk. Despite this short-term bearish outlook, Bundy remains optimistic about Bitcoin's long-term prospects, projecting a price range of $150,000 to $500,000. His forecast aligns with economist Nouriel Roubini's skepticism, who has long criticized Bitcoin as a speculative asset. Bundy attributes the potential downturn to macroeconomic factors, including a possible stock market correction, but believes Bitcoin's value will rise as global economic conditions evolve.
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