TechFlow, Nov. 2 — According to Cointelegraph, Vineet Budki, CEO of venture capital firm Sigma Capital, said the crypto asset's "four-year cycle" is not over yet, and the next market bear phase could see a decline of "up to 70%."
He noted that due to insufficient understanding of Bitcoin's economic properties, holders tend to sell quickly when negative signals emerge, leading to sharp volatility.
Nonetheless, Budki remains optimistic about Bitcoin's long-term outlook, forecasting it could reach "$1 million per coin" within the next decade.
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