Bitcoin (BTC) Could Plunge 70% Before Hitting $500...

Table of Contents Reza Bundy, who leads investment advisory firm Atlas Capital, has issued a stark warning that Bitcoin could shed up to 70% of its current valuation within the coming six-month period. His projected price floor sits between $26,000 and $30,000. 🔴 Atlas Capital CEO warns of 70% bitcoin crash within 6 months, targets $500K long-term Reza Bundy, CEO of investment advisory firm Atlas Capital and business partner of economist Nouriel Roubini, predicted bitcoin could fall to $26,000–$30,000 in the next six months before… pic.twitter.com/ZtwKh3uOPr — NewsTongue (@NewsTongueX) June 5, 2026 Speaking at the Proof of Talk conference held in Paris, Bundy shared these projections with CoinDesk journalists. He emphasized that should equity markets experience even half the destruction witnessed during the 2008 financial meltdown, Bitcoin would likely suffer double that impact. “We think there’s going to be a massive drawdown in bitcoin in the next six months,” Bundy said. “It could be up to 70%.” When Bundy delivered these remarks, bitcoin was changing hands near $63,000, representing a year-to-date decline approaching 28%. Bundy established Atlas Capital alongside renowned economist Nouriel Roubini, who earned the moniker “Dr. Doom” for his prescient warning about the 2008 subprime lending catastrophe. Roubini has maintained a consistently critical stance toward Bitcoin throughout the years. The economist has characterized Bitcoin as a “pseudo-asset class” and dismissed it as purely “speculative” without meaningful real-world applications. He contrasts it unfavorably with traditional economic safeguards such as gold. While Bundy aligns with Roubini’s bearish short-term assessment, the two diverge significantly on Bitcoin’s future trajectory. Bundy maintains that Bitcoin has proven inadequate as a protection against inflation, instead tracking closely with technology sector equities. This perspective mirrors observations from billionaire entrepreneur Mark Cuban, who disclosed selling the majority of his Bitcoin holdings after it disappointed as a hedge during periods when the dollar weakened. Yet the near-term pessimism doesn’t reflect Bundy’s complete outlook. He maintains that Bitcoin could eventually ascend to anywhere between $150,000 and $500,000 over the longer term, contingent upon which of four distinct economic trajectories materializes. In a “Controlled Expansion” environment, which receives a 40% probability in his framework, Bitcoin might appreciate to $150,000–$250,000. Should “Fiscal Dominance” emerge—characterized by governments expanding money supply to service obligations—he envisions Bitcoin ascending to $250,000–$500,000. This outcome carries a 25% likelihood in his analysis. A “Global Conflict” pathway, assigned 20% probability, would trigger immediate market turmoil but could ultimately validate Bitcoin’s role as a politically neutral store of value. A “Deflationary Recession” scenario, weighted at 15%, would suppress Bitcoin’s price until monetary authorities introduce fresh liquidity. Bundy’s extended-horizon confidence stems from Bitcoin’s foundational purpose: serving as an alternative to fiat currencies undermined by sovereign debt burdens and central bank monetary expansion. Atlas Capital manages an exchange-traded fund trading under ticker symbol USAF on the Nasdaq exchange. The vehicle employs artificial intelligence-powered algorithms to distribute capital across various assets including precious metals, agricultural commodities, property, and military technology. The fund currently manages approximately $18 million in net assets and has delivered 8.7% returns since inception. Bitcoin remains absent from the fund’s current holdings. Bundy explained he prefers to await the anticipated market pullback before determining whether to incorporate the cryptocurrency. “Once the correction happens, we will make our final decision to include or not,” he said. Bundy also disclosed intentions to tokenize the fund on public blockchain networks within the coming month.