Overview
- Reza Bundy told CoinDesk that bitcoin could fall as much as 70% within the next six months, projecting a possible floor near $26,000–$30,000 before any multi-year recovery.
- Bundy kept a long-term bullish range for bitcoin of $150,000 to $500,000 and laid out four economic scenarios that map to different price paths and probabilities.
- He said the short-term warning is based on analysis done with Atlas co-founder and chief economist Nouriel Roubini and argued bitcoin now moves like a volatile tech risk asset rather than a reliable inflation hedge.
- Atlas runs the USAF asset-allocation ETF, reported to have about $18 million in assets, and Bundy said the firm plans to tokenize USAF in June and will delay any decision to include bitcoin until after the forecast correction.
- The remarks underscore a wider debate about bitcoin’s role as a hedge versus a speculative asset and could influence investor demand, product design at asset managers, and regulatory scrutiny of tokenized funds.