Bitcoin price could drop by 70%.

(Dan Tri Newspaper) - This is the assessment of Bitcoin price from Vineet Budki, CEO of venture capital firm Sigma Capital.

The CEO of Sigma Capital predicts that the price of Bitcoin will continue to experience cyclical ups and downs. This means that Bitcoin (BTC) could lose 70% of its value in the next market downturn.

The price of Bitcoin has been continuously falling in recent days (Image: FinanceMonthly).

"In the next two years, the price of Bitcoin could fall by 65-70% because traders don't fully understand the type of asset they hold," Budki told CoinTelegraph at the Global Blockchain Congress 2025 in Dubai.

According to Budki, Bitcoin will not lose its usefulness even if the price drops to $70,000. However, the problem lies in the fact that people are unaware of its usefulness.

"When people buy assets they don't know and understand, they'll sell them first. This creates selling pressure," Budki shared.

In contrast to the above opinion, Arthur Hayes, a market analyst and co-founder of the cryptocurrency exchange BitMEX, said that Bitcoin's four-year cycle has ended.

"Bitcoin's price is more influenced by macroeconomic factors, such as interest rates and the growth of the money supply, and less influenced by cyclical patterns," Hayes noted.

Many analysts also believe that the increasing acceptance of Bitcoin by financial institutions has made its price more stable, thereby reducing volatility and stabilizing the market.

Following the US Federal Reserve's (FED) announcement of an interest rate cut last week, the cryptocurrency market has been continuously declining. By the afternoon of November 3rd, the world's largest cryptocurrency was trading around $107,500, down 7% from the previous week.

Source: https://dantri.com.vn/cong-nghe/gia-bitcoin-co-the-giam-70-20251103145729767.htm