Bitcoin Could Crash 70% Before Reaching $500,000, Says Atlas Capital CEO

TLDR

• Atlas Capital CEO Reza Bundy warns bitcoin could drop 70% to between $26,000–$30,000 within six months
• Bundy is business partners with economist Nouriel Roubini, known as “Dr. Doom” for predicting the 2008 crash
• Bundy says bitcoin has failed as an inflation hedge and now moves like a tech stock
• Long-term, Bundy sees bitcoin reaching $150,000–$500,000 depending on global economic conditions
• Atlas Capital runs an ETF called USAF on the Nasdaq but does not currently hold bitcoin

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Reza Bundy, CEO of investment advisory firm Atlas Capital, says bitcoin could lose as much as 70% of its value over the next six months. He put the price target at $26,000 to $30,000.

🔴 Atlas Capital CEO warns of 70% bitcoin crash within 6 months, targets $500K long-term

Reza Bundy, CEO of investment advisory firm Atlas Capital and business partner of economist Nouriel Roubini, predicted bitcoin could fall to $26,000–$30,000 in the next six months before… pic.twitter.com/ZtwKh3uOPr

— NewsTongue (@NewsTongueX) June 5, 2026

Bundy made the comments at the Proof of Talk conference in Paris, speaking to CoinDesk. He said if the stock market suffers even half the losses seen in the 2008 financial crisis, bitcoin would fall twice as hard.

“We think there’s going to be a massive drawdown in bitcoin in the next six months,” Bundy said. “It could be up to 70%.”

At the time of his comments, bitcoin was trading around $63,000, already down nearly 28% for the year.

Who Is Behind This Warning

Bundy co-founded Atlas Capital with economist Nouriel Roubini, widely called “Dr. Doom.” Roubini correctly predicted the 2008 subprime mortgage crisis and has been a long-time bitcoin critic.

Roubini has repeatedly called bitcoin a “pseudo-asset class” and a “speculative asset” with no real-world utility. He views it as different from genuine economic hedges like gold.

Bundy shares the short-term bearishness but parts ways with Roubini on the long-term outlook.

Short-Term Risks, Long-Term Targets

Bundy argues bitcoin has failed to act as an inflation hedge, and instead moves in line with tech stocks. This view echoes comments from billionaire investor Mark Cuban, who said he sold most of his bitcoin after it failed to act as a hedge during periods of dollar weakness.

Despite the near-term warning, Bundy is not permanently bearish. He believes bitcoin could reach between $150,000 and $500,000 long-term, depending on which of four economic paths plays out.

Under a “Controlled Expansion” scenario, which he gives a 40% chance, bitcoin could reach $150,000 to $250,000. If “Fiscal Dominance” takes hold, with governments printing money to cover debts, he sees bitcoin climbing to $250,000 to $500,000. That scenario has a 25% probability in his model.

A “Global Conflict” path, given 20% odds, would cause short-term panic but could prove bitcoin’s value as a neutral asset. A “Deflationary Recession,” at 15%, would keep bitcoin weak until central banks inject liquidity.

Bundy’s long-term optimism is rooted in bitcoin’s original purpose: an alternative to currencies weakened by government debt and central bank money printing.

Atlas Capital’s Current Strategy

Atlas Capital runs an ETF under the ticker USAF on the Nasdaq. The fund uses AI-driven models to allocate across assets including gold, food, real estate, and defense technology. It holds around $18 million in net assets and has returned 8.7% since launch.

Bitcoin is not currently in the fund. Bundy said he wants to wait for the market correction he is predicting before deciding whether to add it.

“Once the correction happens, we will make our final decision to include or not,” he said.

Bundy also plans to tokenize the fund on public blockchains later this month.