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Sigma Capital CEO: The Four-Year Cycle Has Not Ended, and the Next Bear Market Could See a Decline of Up to 70%
BlockBeats News, November 2nd, according to Cointelegraph, Vineet Budki, CEO of Middle East-based early-stage venture capital firm Sigma Capital, said that the cryptocurrency's "four-year cycle" has not ended, and the market may see a "up to 70%" drop in the next bear market.
He pointed out that due to a lack of understanding of Bitcoin's economic attributes in the market, holders often quickly sell off when negative signals appear, triggering intense volatility.
Nevertheless, Budki remains optimistic about Bitcoin's long-term outlook, expecting the price to reach "up to $1 million per coin" in the next decade.
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