Oh, darling, grab your popcorn and your crypto charts, because Vineet Budki, the CEO of Sigma Capital (fancy, right?), is here to spill the tea on Bitcoin’s rollercoaster ride. 🌪️💎 Apparently, we’re in for a 70% nosedive in the next downturn. Yes, you read that right. 7-0. Time to dust off those “HODL” memes, folks! 😱🤡
According to our dear Vineet, speaking at the Global Blockchain Congress 2025 in Dubai (because where else would this drama unfold?), traders are basically clueless about what they’re holding. 🧠🙈 “Bitcoin will not lose its utility if it drops to $70,000,” he said, sipping his metaphorical chai. “But people don’t know its utility, so they panic sell like it’s Black Friday at Zara.” 💼👠
“Bitcoin will not lose its utility if it comes down to $70,000. The problem is that people don’t know its utility, and when people buy assets that they don’t know and understand, they sell them first; that is where the selling pressure comes from.”
But fear not, crypto queens and kings! Vineet still thinks Bitcoin will hit $1 million in the next decade. 🤑🚀 Because, you know, real-world use cases and all that jazz. Meanwhile, the rest of us are just trying to figure out if we should sell our kidneys to buy the dip. 🫀💰
Analysts, industry bigwigs, and investors are all playing the “When will Bitcoin hit seven figures?” guessing game. 🎱✨ And let’s not forget Arthur Hayes, the BitMEX co-founder, who’s calling the four-year cycle dead. RIP, little cycle. You had a good run. ⚰️📉
Has Bitcoin outgrown the four-year cycle?
Arthur Hayes says Bitcoin’s price is now more about interest rates and money supply than its cyclical tantrums. 🏦📊 Meanwhile, institutional adoption is apparently the new cool kid in town, holding 20% of Bitcoin’s supply. Big banks, ETFs, and governments are all in the mix, trying to act like they’ve always been crypto fans. Sure, Jan. 🏛️🤝
But Seamus Rocca, CEO of Xapo Bank, disagrees. He says the four-year cycle is still alive and kicking because investors see BTC as a risk-on asset. 🎢🎉 So, basically, it’s like Bitcoin is both a safe haven and a wild party animal. Make it make sense! 🕺💃
In conclusion, darling, strap in for the ride. Whether it’s a 70% crash or a $1 million moon shot, one thing’s for sure: Bitcoin drama is the only consistent thing in 2025. 🌕🎭
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2025-11-01 00:28