Bitcoin News
By Sakamoto Nashi
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Traders Don’t Understand Bitcoin’s True Utility, Says Budki. Budki attributed future volatility to a fundamental misunderstanding among traders about Bitcoin’s…
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A History of Cycles and Sharp Retracements. Since its inception in 2009, Bitcoin has followed a four-year pattern tied to its halving events,…
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Bitcoin Still Has a $1 Million Future. Despite expecting a steep decline in the near term, Budki remains bullish on Bitcoin’s decade-long…
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Debate Over Whether Bitcoin’s Four-Year Cycle Still Matters. Budki’s comments reignite an ongoing debate among analysts about whether Bitcoin’s four-year cycle…
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Institutional Adoption Adds a New Dynamic. The increasing presence of institutional investors may be reshaping how these cycles unfold.
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Xapo Bank CEO: Bitcoin Still Viewed as Risk Asset. Seamus Rocca, CEO of Xapo Bank, believes Bitcoin’s cycles are far from over because investors…
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The Bottom Line: Cycles May Fade, But Volatility Won’t. Budki’s forecast of a potential 65–70% drawdown underscores that Bitcoin’s volatility remains part…
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Bitcoin’s signature four-year market cycle of dramatic surges followed by steep corrections may not be over yet, according to Vineet Budki, CEO of venture capital firm Sigma…
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Despite this bearish short-term view, Budki believes Bitcoin’s long-term trajectory remains intact, with a potential price target of $1 million per coin within the next decade.
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“Bitcoin will not lose its utility if it comes down to $70,000,” Budki said. “The problem is that people don’t know its utility.
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Budki’s comments suggest that while Bitcoin’s price could experience sharp downturns, its underlying use case as a decentralized, scarce digital asset remains unaffected.
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Since its inception in 2009, Bitcoin has followed a four-year pattern tied to its halving events, where the mining reward is reduced by 50%.
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For instance, after peaking at nearly $20,000 in late 2017, Bitcoin crashed over 80% in 2018.
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Budki believes the same pattern could repeat — a significant correction followed by another wave of long-term growth.
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According to Budki, the next growth phase will be fueled by both speculative demand and genuine utility — particularly as Bitcoin finds broader use in payments, cross-border…
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