Bitcoin fit drop 70% to $26K–$30K as BTC/equities risk dey rise
Atlas Capital CEO Reza Bundy warn say Bitcoin (BTC) fit fall as much as 70% within six months, and e fit reach stress “bottom” for $26,000–$30,000. E link the downside to macro shock risk: if equities waka enter 2008-type correction, BTC fit suffer even sharper drawdown because e dey trade like high-volatility risk asset.
When he talk, BTC dey around $63,000 and e don drop about 28% YTD. Bundy ETF-linked positioning still matter for flows: Atlas Capital Nasdaq-listed ETF (USAF) no get BTC now, because the firm say dem dey wait the correction before dem go decide allocation. Dem also plan to tokenize the fund on public blockchain networks next month.
For longer term, Bundy no pure bearish. E outline scenario ranges for BTC: $150,000–$250,000 (40%, controlled expansion), $250,000–$500,000 (25%, fiscal dominance/printing), plus lower-probability outcomes wey relate to global conflict and deflationary recession.
For traders, the actionable takeaway na concrete BTC downside zone ($26K–$30K) wey link to equity risk, and the USAF structure show say "wait-for-correction" behavior fit affect near-term demand and volatility.
Bearish
Di tori tori, di nyus be say dis news be short-term downside catalyst for BTC, wit specific 6-month drawdown estimate (reach up to -70%) and stress bottom for $26,000–$30,000. E still dey push di “BTC dey follow equities” story, mean say e go get higher correlation to equity selloffs and possible liquidation-driven volatility.
For di same time, di ETF side no dey supportive now: Atlas Capital’s USAF currently no include BTC and dem talk say dem go wait make correction happen before dem add exposure, wey fit reduce near-term demand. Even though Bundy long-term scenarios (BTC reach $150K–$500K) fine, di actionable near-term setup and flow timing dey skew bearish for BTC price stability.