Bitcoin (BTC) may experience a significant price retracement, with predictions suggesting a drop of 65% to 70% within the next two years, according to Vineet Budki, CEO of Sigma Capital. Despite this short-term bearish outlook, Budki maintains a strong long-term conviction, forecasting that Bitcoin could reach $1 million within the next decade. This prediction highlights the persistent volatility within the cryptocurrency market, even as global adoption and regulatory frameworks evolve.
Budki's assessment emphasizes that investors should anticipate market turbulence. However, he advises against losing sight of the broader growth trajectory for Bitcoin.
Factors Influencing Short-Term Price Drop
Historically, Bitcoin has undergone several significant corrections during its market cycles. Bull runs have frequently been followed by steep downturns, sometimes exceeding 70% of previous gains. Budki suggests that such market dynamics are likely to recur, influenced by factors including increased institutional investment, macroeconomic shifts, and evolving regulatory landscapes.
This potential decline is not necessarily indicative of a prolonged bear market. Instead, it could present advantageous entry points for long-term investors who view Bitcoin as a store of value and a hedge against traditional financial systems.
INSIGHT: Sigma Capital CEO Vineet Budki said $BTC could face a 65 to 70% retracement in the next two years, yet still reach $1 million within a decade. pic.twitter.com/xTiu3wR341
— Cointelegraph (@Cointelegraph) October 31, 2025
Long-Term Outlook and Investor Strategy
Notwithstanding the warning of a substantial short-term price decrease, Budki's projection of $1 million for Bitcoin reinforces his strong belief in its long-term potential. Several elements are expected to contribute to Bitcoin's ascent over the coming decade, including growing institutional adoption, the expansion of cryptocurrency infrastructure, and global monetary uncertainties.
Investors are advised to approach such forecasts with a degree of prudence, while also acknowledging the historical pattern of robust recoveries following downturns in the cryptocurrency sector. Prudent risk management and a patient investment approach remain crucial.