Vinit Budki, CEO of Sigma Capital, forecasts a significant decline in Bitcoin's price, predicting a 65-70% drop over the next two years. Budki attributes this potential downturn to cyclical market behavior and investor reactions, suggesting that even if Bitcoin falls to $70,000, it will maintain its intrinsic value. However, he highlights the challenge posed by public perception and selling pressure from less experienced investors. Despite the short-term bearish outlook, Budki remains optimistic about Bitcoin's long-term prospects, projecting it could exceed $1 million per coin within a decade. He cites increasing adoption through speculative trading and practical applications as key drivers. Analysts from 10x Research and K33 also note that Bitcoin's price is now more influenced by institutional investors and macroeconomic factors than by its traditional four-year halving cycles.