According to CoinWorld.com, on November 2nd, Vineet Budki, CEO of Sigma Capital, an early-stage venture capital firm headquartered in the Middle East, stated that the "four-year cycle" of crypto assets is not over, and the next bear market could see a drop of "up to 70%". He pointed out that due to a lack of understanding of Bitcoin's economic attributes, holders often quickly sell off when negative signals appear, causing sharp fluctuations. Despite this, Budki remains optimistic about Bitcoin's long-term prospects, predicting it could reach a price of "$1 million per coin" within the next decade.