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Sigma Capital CEO: The four-year cycle has not ended, and the next Bear Market may see a fall of up to 70%.
On November 2, according to Cointelegraph, Vineet Budki, CEO of the early-stage venture capital firm Sigma Capital based in the Middle East, stated that the “four-year cycle” of this crypto asset has not ended, and the next Bear Market in the market could see a decline of “up to 70%”. He pointed out that due to the market's inadequate understanding of Bitcoin's economic attributes, holders often quickly sell off their coins when negative signals appear, leading to severe Fluctuation. Despite this, Budki remains optimistic about Bitcoin's long-term prospects, predicting it could reach a price of “1 million dollars per coin” in the next decade.