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Sigma Capital Head Explains the Reason Behind Bitcoin’s Decline
According to the businessman, Bitcoin will continue to move in cycles — periods of rapid rallies will be followed by deep corrections that could reach up to 70% in the next phase. Over the coming years, the price of the leading cryptocurrency may drop by as much as 65%.
“Bitcoin won’t lose its utility even if it falls to $70,000. The problem is that people don’t understand what its value really is. When investors buy an asset they don’t understand, they’re the first to sell it — that’s where the price pressure comes from,” Budki explained.
He added that over a ten-year horizon, Bitcoin’s price could surpass $1 million. The growing adoption of cryptocurrency, in his view, is driven not only by trader speculation but also by increased participation from major investment funds.
The coming years will test the maturity of the crypto industry — only projects with real value and transparent economics will survive. Digital assets will stop being exotic, and those who learn to work with them today may become leaders of the new economy, Budki concluded.
Earlier, analysts at Glassnode reported that Bitcoin failed to hold above $113,000 and may drop to $88,000 in the short term.
See also: "Bitcoin Market Expected to Stay Calm in November, Says Polymarket"
