Bitcoin Price Drop Fears Mount: Expert Predicts 65-70% Decline

As the cryptocurrency market continues to experience volatility, experts are divided on Bitcoin’s short-term future. While some analysts foresee significant price corrections in anticipation of a potential bear market, others remain bullish about Bitcoin’s long-term prospects for further growth. Despite these contrasting views, VC expert Vineet Budki warns of a possible 65-70% decline in Bitcoin’s value over the next two years due to traders’ lack of understanding about the asset. This prediction comes on the heels of recent industry debates questioning Bitcoin’s traditional four-year cycle as a major market driver. Instead, macroeconomic factors such as interest rates and money supply expansion are now believed to be influencing price movements. Despite these concerns, Budki remains optimistic about Bitcoin reaching $1 million per coin within the next decade, fueled by both speculation and increasing real-world applications across various industries.