Bitcoin May Plummet 70%, Sigma Capital CEO Warns

Sigma Capital’s CEO, Vineet Budki, issued a stark warning at the Global Blockchain Congress in Dubai. He predicts a potential 70% decline in Bitcoin’s value during the next market downturn, but sees long-term price targets reaching $1 million per coin within a decade. His comments come amid discussions on Bitcoin’s future price trajectory and its utility as an investment tool, even with contrasting opinions from industry figures like Arthur Hayes and Seamus Rocca on Bitcoin’s cyclical patterns.