VC Warns Bitcoin Could See 70% Drop in Next Downturn, Despite $1M Long-Term Target

Ominous Warning: Veteran VC Forecasts Potential 70% Bitcoin Plunge Ahead The famed volatility of the cryptocurrency market may be far from over, according to Vineet Budki, CEO of venture capital firm Sigma Capital. Speaking at the prestigious Global Blockchain Congress 2025 in Dubai, Budki delivered a sobering prediction - Bitcoin could see a staggering 70% price correction within the next two years, echoing the dramatic boom-and-bust cycles that have defined the leading digital asset's history. Budki's warning underscores the inherent risks and unpredictable nature of the crypto space, where sudden and severe market crashes have become an all-too-familiar occurrence for seasoned investors. Despite Bitcoin's meteoric rise to a staggering $1 million long-term target, as envisioned by the VC veteran, the path to that lofty valuation may be paved with significant turbulence and pain. The potential for a 70% plunge, a pattern seen time and again in Bitcoin's past, highlights the need for cautious optimism and prudent risk management among crypto enthusiasts. As the industry continues to evolve and mature, navigating the volatile swings will be crucial for investors seeking to capitalize on the transformative potential of blockchain technology. Budki's forecast serves as a stark reminder that the cryptocurrency market remains a highly speculative and unpredictable arena, where even the most seasoned experts struggle to accurately forecast the future. As the global crypto landscape continues to unfold, investors would be wise to heed such warnings and plan accordingly, preparing for the possibility of severe market downturns that could test the resilience of even the most seasoned digital asset holders.