Atlas Capital CEO Predicts 70% Bitcoin Slide Before $500K Surge
By John Nada·Jun 4, 2026·2 min read
Atlas Capital's Reza Bundy warns of a 70% Bitcoin drop but predicts a long-term surge to $500,000, citing macroeconomic risks and Bitcoin's hedge potential.
“We think there's going to be a massive drawdown in bitcoin in the next six months,” said Reza Bundy, CEO of Atlas Capital. His stark warning at the Proof of Talk conference in Paris isn't without basis. Bundy, business partner to economist Nouriel Roubini—dubbed 'Dr. Doom'—outlined a grim short-term forecast for Bitcoin, expecting a staggering 70% drop.
Bundy's projection stands in stark contrast to the year-to-date performance of equities, which have surged. The S&P 500 has climbed 10%, while Nasdaq jumped 19%, both outpacing Bitcoin as investor attention pivots to AI-driven gains. Bitcoin itself has slid nearly 28% this year, currently trading around $63,000, according to CoinDesk.
The rationale behind Bundy's bearish outlook is deeply intertwined with macroeconomic risks. Should a stock market correction echoing half of 2008's occur, Bundy predicts Bitcoin could magnify the financial turmoil. “Bitcoin will double that debt loss,” he stated, drawing from the analytical playbook shared with Roubini.
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Yet, Bundy's viewpoint isn't entirely pessimistic. Beyond the storm, he remains a long-term Bitcoin bull. His forecast sees Bitcoin climbing to $500,000, a notion supported by its potential as a hedge against fiat instability and rising government debt. According to CoinDesk, this bullish stance—despite Roubini's consistent skepticism of Bitcoin's speculative nature—rests on the original promise of Bitcoin as a hedge against monetary and political chaos.
Atlas Capital's investment strategy reflects this dichotomy. In the immediate term, Bundy warns of structural market vulnerabilities, predicting a global financial crisis akin to 1929. As per CoinDesk, their 'techno-dollar' strategy diversifies exposure across assets like gold and real estate, excluding Bitcoin until the anticipated drawdown subsides.
Interestingly, Bundy’s outlook suggests several economic scenarios that could propel Bitcoin. From high inflation driven by government money printing to the asset's role as a safe haven during geopolitical conflicts, Bitcoin's path to $500,000 seems like a chess game where multiple routes could lead to success.
For now, Bundy is holding back. His caution exemplifies the tension between short-term market volatility and long-term asset potential that often defines investment strategy.