Bitcoin's 4-year cycle isn't dead, expect a 70% drop next downturn: VC
The price of Bitcoin will continue to experience cyclical booms and busts, resulting in a drawdown of up to 70% during the next market downturn, according to Vineet Budki, CEO of venture firm Sigma Capital.There will be a BTC retracement of 65% to 70% in the next two years because traders do not un…