Atlas Capital CEO warns BTC could plunge up to 70% within 6 months

Reza Bundy, CEO of Atlas Capital, an investment advisory firm co-founded by Nouriel Roubini, known as Dr. Doom, has warned that BTC could fall by as much as 70% within the next six months. He stated that even if the stock market were to correct by half the amount seen in the 2008 financial crisis, Bitcoin could experience a drop twice as large, setting a lower price target in the $26,000 to $30,000 range. Despite the short-term warning, Bundy maintained a bullish long-term outlook, predicting that BTC could eventually rise to between $150,000 and $500,000, depending on global economic conditions.