The price of Bitcoin is expected to drop by up to 70% in the next market downturn, according to Sigma Capital CEO Vineet Budki. Despite this, he predicts Bitcoin will reach $1 million within the next 10 years due to user adoption and real-world use cases. Analysts are divided on whether Bitcoin has outgrown the traditional four-year cycle. Arthur Hayes believes macroeconomic factors now drive BTC prices, while others point to institutional adoption as a stabilizing force. Financial institutions hold over 4 million BTC, but the CEO of Xapo Bank argues that the four-year cycle still influences investor behavior.

Read more at Cointelegraph: Bitcoin To Drop by 70% During Next Bear Market: VC