Despite the promise of stability associated with the massive influx of traditional finance, could the price of BTC still be poised for significant declines, in the range of 70%? This is the view shared by this analyst, given the persistent lack of understanding surrounding Bitcoin.
Is Bitcoin Heading for a 70% Correction?
It is difficult to accurately estimate the level of Bitcoin’s all-time highs across its various cycles. One certainty remained, however: the inevitability of a painful correction following each of these record highs—until traditional finance joined the fray.
Indeed, the prospect—now underway—of the crypto market being flooded with billions of dollars from institutional investors has for years been accompanied by the promise of taming BTC’s high volatility, for better or for worse.
Is this the end of Bitcoin’s historic bull cycles?
Could this be the beginning of super cycles that are more spread out over time and less volatile? Nothing is less certain, according to Vineet Budki, CEO of venture capital firm Sigma, during his speech at the Global Blockchain Congress 2025 in Dubai. He still anticipates a possible retracement of 65% to 70% during the next cryptocurrency market downturn, expected within the next two years.
Bitcoin won’t lose its utility if it drops to $70,000. The problem lies in the fact that people don’t understand its utility, and when you buy assets you don’t understand, you’re among the first to sell them; that’s where the selling pressure comes from.
Vineet Budki
BTC at $1 million, but (still) not in a straight line
According to Vineet Budki, the BTC price will continue to experience successive bull and bear cycles as it rises in the future, even within an overall long-term bullish outlook, because traders—even institutional ones—do not understand the assets they hold.
This is a problematic situation, but it shouldn’t prevent Bitcoin’s price from reaching $1 million over the next decade. Especially if, like Vineet Budki, we believe that its current speculative adoption will eventually give way to a genuine understanding of its real and effective utility on a global scale.
In any case, the arrival of traditional finance in the Bitcoin market is a definitive game-changer, for the moment clearly to the detriment of retail investors who had previously been at the center of the equation. This is particularly true in the face of new, very voracious holders, such as publicly traded companies, governments, and even ETFs acting on behalf of their clients.
The question remains as to what the actual impact of the upcoming Bitcoin halvings will be, given that the BTC market is now exposed to factors specific to traditional finance, such as Fed rate hikes or money supply growth.
