- Bitcoin may see a 65–70% drop within two years
- Long-term forecast points to $1M BTC within a decade
- Volatility seen as part of crypto’s growth cycle
Bitcoin ’s price journey may not be smooth, according to Sigma Capital CEO Vineet Budki. In a recent statement, Budki warned that Bitcoin ( BTC ) could see a major price retracement—between 65% and 70%—within the next two years. Despite this grim short-term prediction , he remains bullish on the long-term outlook, projecting BTC could still hit $1 million over the next decade.
Budki’s forecast highlights the extreme volatility still present in the crypto market , even as adoption grows and regulation improves globally. For investors, his message is clear: expect turbulence, but don’t lose sight of the bigger picture.
Why Such a Big Drop?
Historically, Bitcoin has experienced multiple deep corrections during its market cycles. Past bull runs have often been followed by steep retracements, sometimes even greater than 70%. Budki suggests that similar market behavior is likely to repeat as institutional involvement, macroeconomic shifts, and regulatory decisions continue to influence BTC’s path.
This possible drop doesn’t necessarily signal a long-term decline. Instead, it might offer strong entry points for long-term holders who believe in Bitcoin’s future as a store of value and hedge against traditional finance.
Long-Term Confidence Remains Strong
Despite the warning of a sharp dip, Budki’s $1 million price target underscores his confidence in Bitcoin’s long-term potential. Factors such as increasing institutional interest, expanding crypto infrastructure, and global monetary instability could fuel Bitcoin’s climb over the next decade.
Investors should approach such forecasts with caution, but also consider the historical trend of strong recoveries following downturns in the crypto space. As always, risk management and patience are key.
