'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Dr. Doom -backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000 Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as Dr. Doom, the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term. By Olivier Acuna | Edited by Aoyon Ashraf Updated Jun 4, 2026, 6:21 p.m. Published Jun 4, 2026, 6:15 p.m. 4 min read Make preferred on What to know : Reza Bundy, CEO of investment advisory firm Atlas Capital, warns that bitcoin could see a drawdown of up to 70% within six months, especially if equities suffer a major decline. Despite echoing Nouriel Roubini’s near-term bearishness, Bundy projects a long-term price range of $150,000 to $500,000 depending on global economic scenarios. Reza Bundy, chief executive of Atlas Capital and business partner of longtime bitcoin critic Nouriel Roubini, expects bitcoin to fall as much as 70% over the next six months before eventually climbing as high as $500,000 in the years ahead.