According to BlockBeats, Vineet Budki, CEO of Middle East-based early-stage venture capital firm Sigma Capital, has stated that the "four-year cycle" of the cryptocurrency market is not over. He anticipates that the next bear market could see a decline of up to 70%.
Budki highlighted that due to a lack of understanding of Bitcoin's economic properties, holders often sell quickly when negative signals arise, leading to significant market volatility.
Despite these potential fluctuations, Budki remains optimistic about Bitcoin's long-term prospects, predicting that its value could reach "$1 million per coin" over the next decade.
