Bitcoin's 4-year cycle isn't dead, expect a 70% drop next downturn: VC

Vineet Budki, CEO of venture firm Sigma Capital, stated at the Global Blockchain Congress 2025 that Bitcoin's price will continue cyclical booms and busts, anticipating a 65% to 70% drawdown within the next two years. He attributes this potential selling pressure to traders not understanding Bitcoin's underlying utility, causing them to sell during downturns. Despite this near-term volatility, Budki forecasts that Bitcoin will eventually reach $1 million or more within the next decade, driven by both speculation and real-world use cases. This prediction contrasts with views from others, like Arthur Hayes, who suggest macroeconomic factors now outweigh the traditional four-year cycle, and those who point to institutional adoption as a stabilizing force.

(Source：Cointelegraph)