Nouriel Roubini's business partner sees bitcoin crashing 70% before rallying to $500,000
Atlas Capital CEO Reza Bundy, a business partner of Nouriel Roubini, warned that bitcoin could drop as much as 70% over the next six months, targeting roughly $26,000 to $30,000. He argued bitcoin is trading like a volatile risk asset tied to tech stocks, not an inflation hedge, and said a major stock-market correction could hit it especially hard. Bundy’s view aligns with Roubini’s long-standing skepticism that bitcoin lacks fundamental value and is mainly speculative. Despite the short-term bearish call, Bundy remains bullish over the long run, projecting bitcoin could eventually rise to $150,000 to $500,000 as distrust in fiat currencies grows and governments continue heavy debt and money creation. He also said Atlas’s current strategy avoids bitcoin for now because he wants to wait until the anticipated market crash passes.
