Sigma Capital CEO: The four-year cycle has not ended, and the next Bear Market may see a fall of up to 70%.

BlockBeats news, on November 2, reported by 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 encryption asset has not ended, and the next bear market could see a decline of “up to 70%”. He pointed out that due to the market's insufficient understanding of Bitcoin's economic attributes, holders tend to sell off rapidly when negative signals appear, triggering severe fluctuations. Nevertheless, Budki remains optimistic about Bitcoin's long-term prospects, expecting it to reach a price of “1 million dollars per coin” in the next decade.