Bitcoin price could fall 70%

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

Sigma Capital CEO believes Bitcoin price will continue to experience cyclical ups and downs, which means Bitcoin (BTC) could drop 70% in value during the next market downturn.

Bitcoin price has been continuously falling in recent days (Photo: FinanceMonthly).

“In the next two years, Bitcoin price could fall by 65-70% due to traders not understanding the 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 is that people do not know its usefulness.

“When people buy assets they don’t know and don’t understand, they sell them first. This creates selling pressure,” Budki shared.

Contrary to the above opinion, Arthur Hayes, market analyst and co-founder of cryptocurrency exchange BitMEX, said that Bitcoin's four-year cycle is over.

“Bitcoin prices are more influenced by macroeconomic factors, such as interest rates and money supply growth, and less influenced by cyclical patterns,” Hayes said.

Many analysts also believe that the growing acceptance by financial institutions has made Bitcoin prices more stable, thereby reducing volatility and stabilizing the market.

After the US Federal Reserve (FED) announced a rate cut last week, the cryptocurrency market has been continuously declining. By the afternoon of November 3, the world's largest cryptocurrency was trading around $107,500, down 7% compared to last week.

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