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<p>You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-faces-potential-plummet-warns-atlas-capitals-ceo" rel="noopener noreferrer nofollow">Bitcoin Faces Potential Plummet Warns Atlas Capital’s CEO</a><br></p>
<p>Reza Bundy, at the helm of Atlas Capital, has issued a serious cautionary note regarding <a href="https://en.bitcoinhaber.net/expert-predicts-tenfold-increase-in-bitcoin-value-by-2024-amid-etf-hopes-and-halving" rel="noopener noreferrer nofollow">Bitcoin</a>‘s potential value decline. He anticipates a decrease of up to 70% in the near future, with the cryptocurrency dropping to a potential floor between $26,000 and $30,000 within six months.</p>
<h2 id="could-bitcoin-see-a-rapid-downturn">Could Bitcoin See a Rapid Downturn?</h2>
<p>Speaking in Paris at the Proof of Talk event, Bundy expressed concerns about Bitcoin’s vulnerability to economic shifts. He highlighted that if the stock market mirrors half the tumult seen during the 2008 financial meltdown, Bitcoin could suffer twice the damage. Currently, Bitcoin trades at approximately $63,000, having already shed around 28% since the year’s start.</p>
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 <p>Bundy remarked on the potential for a severe depreciation of Bitcoin, reaching a significant 70% downturn.</p>
</blockquote>
<h2 id="how-far-does-their-skepticism-on-bitcoin-extend">How Far Does Their Skepticism on Bitcoin Extend?</h2>
<p>Atlas Capital, a reputable investment advisor, also features Nouriel Roubini, known for forecasting the 2008 crisis, who remains wary of Bitcoin. Both Bundy and Roubini have reservations, though they differ on Bitcoin’s long-range value. Roubini has categorized Bitcoin as speculative, lacking the stability of traditional safe assets like gold.</p>
<p>Bundy suggests Bitcoin has not met expectations as an inflation hedge, behaving more like tech equities than traditional defensive investments. This aligns with the cryptocurrency’s underperformance during phases of the U.S. dollar’s weakness.</p>
<h2 id="optimistic-projections-for-bitcoin-s-future">Optimistic Projections for Bitcoin’s Future</h2>
<p>Despite predicting short-term declines, Bundy also offered some optimistic long-term projections. He speculated that Bitcoin could eventually rise to values between $150,000 and $500,000, contingent on future economic conditions. Under scenarios of controlled economic expansion, prices might hit $150,000-$250,000, and in more aggressive fiscal environments, they could soar to $250,000-$500,000.</p>
<ul>
 <li>Controlled expansion scenario: A 40% probability with Bitcoin reaching $150,000 to $250,000.</li>
 <li>Fiscal dominance scenario: A 25% probability suggesting a rise to $250,000 to $500,000.</li>
 <li>Global conflict could first cause instability, later supporting Bitcoin’s value.</li>
 <li>Deflationary recession is expected to exert downward pressure until market liquidity recovers.</li>
</ul>
<p>Bundy remains hopeful about Bitcoin’s potential to eventually surpass fiat currencies, particularly amid the expanding public debt and increased money supply.</p>
<p>Atlas Capital currently operates an ETF, symbol USAF, featuring AI-driven asset allocations in varied sectors like precious metals and military tech. However, Bitcoin is not part of their portfolio, as they await a price correction before considering its inclusion. Plans exist for tokenizing the fund on blockchain networks shortly.</p>
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 <p>Bundy noted the decision to introduce Bitcoin to their portfolio depends on future price adjustments.</p>
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<h5><span>Continue Reading: </span><a href="https://en.bitcoinhaber.net/bitcoin-faces-potential-plummet-warns-atlas-capitals-ceo" rel="noopener noreferrer nofollow">Bitcoin Faces Potential Plummet Warns Atlas Capital’s CEO</a></h5>

Bitcoin Faces Potential Plummet Warns Atlas Capital’s CEO

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