As Bitcoin continues to dominate the crypto world, experts remain divided on its short-term volatility and long-term potential. Although some analysts are predicting a significant cyclical correction, bullish predictions remain prevalent for Bitcoin’s future price targets, driven by increased adoption and real-world use cases. Staying up to date on these perspectives is important for investors navigating the increasingly complex cryptocurrency market.
- Vineet Budki predicts that Bitcoin will fall 65-70% over the next two years due to a lack of understanding among traders.
- Despite possible corrections, Bitcoin could reach $1 million within the next decade, supported by increasing adoption and real-world applications.
- Some experts believe that Bitcoin’s traditional four-year cycle is outdated, with macroeconomic factors now driving price fluctuations.
- The accumulation of Bitcoin by institutional investors accounts for about 20% of the supply and is seen as a stabilizing factor for the market.
- Contrasting views persist, with some industry leaders insisting that the Bitcoin cycle remains intact despite changing market dynamics.
At the recent Global Blockchain Congress 2025 in Dubai, Vineet Budki, CEO of venture firm Sigma Capital, warned that Bitcoin prices could see a significant cyclical decline. He predicted a retracement of 65% to 70% over the next two years due to traders’ limited understanding of the asset. Budokki explained:
“Bitcoin doesn’t lose its usefulness at $70,000. The problem is that people don’t know its usefulness, and when people buy assets that they don’t understand or grasp, they tend to sell first. That’s where the selling pressure comes from.”
Despite these short-term concerns, Budokki remains optimistic about Bitcoin’s long-term prospects, predicting it could surpass $1 million per coin within the next 10 years. He argues that this growth will be driven not only by speculation, but also by the growing real-world applications of Bitcoin in various industries.
Industry analysts continue to debate whether Bitcoin’s famous four-year halving cycle remains valid in 2025. BitMEX co-founder Arthur Hayes argues that this cycle is no longer the main driver of market fluctuations. Rather, macroeconomic influences such as interest rate policy and the expansion of the money supply are currently having a major impact on Bitcoin price formation.
Supporting this view, some experts point to increased adoption by institutional investors as a source of market stability. ETFs specializing in large financial institutions, government agencies, and cryptocurrencies collectively hold close to 4 million BTC, which is approximately 20% of the total supply. This large accumulation is seen as a buffer against extreme volatility.
However, Xapo Bank CEO Seamus Rocca noted that many investors currently view Bitcoin as a risk-on asset rather than a store of value, stressing that traditional cycles still apply. This perception continues to influence the cyclical nature of Bitcoin’s price movements, despite its fundamentals as digital gold.