Atlas Capital CEO: Bitcoin May Plunge 70% Before $500K

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

Atlas Capital’s CEO, whose firm is backed by economist and longtime market commentator Nouriel Roubini—often referred to as “Dr. Doom”—said bitcoin could face a steep decline of as much as 70% before eventually climbing to $500,000.

The comments highlight a view that has become more common among some institutional and macro-focused market participants: that bitcoin’s long-term upside case can coexist with the possibility of severe drawdowns along the way.

While bitcoin has historically delivered outsized gains over multi-year periods, it has also repeatedly experienced sharp retracements, with large percentage declines occurring during shifts in liquidity conditions, risk appetite, and broader market stress.

Roubini’s association with Atlas Capital adds a notable layer of context. He has been one of the most prominent critics of crypto markets, frequently warning about bubbles and systemic risks. A forecast that includes a very high long-term target alongside a major interim crash underscores the polarized—and often contradictory—narratives that still shape bitcoin’s role in global markets.

For investors and observers, the remarks serve as a reminder of bitcoin’s core trade-off: potential long-term appreciation paired with extreme volatility that can test conviction and risk management, even during periods of growing mainstream adoption.