Reza Bundy: Bitcoin may rebound to $500000 after falling to $26000

According to CoinDesk, Reza Bundy, CEO of Atlas Capital, has warned that Bitcoin could fall 70% within six months to the $26000 to $30000 range, before rebounding to $150000 to $500000 within a few years. His prediction is based on data analyzed jointly with Nouriel Roubini, the 'Doomsday Doctor'. Bundy stated that Bitcoin has failed as an inflation hedge tool and is currently only a high-risk asset that fluctuates in sync with technology stocks.