According to CoinWorld, Atlas Capital CEO Reza Bundy predicts that Bitcoin will fall by as much as 70% in the next six months before rebounding to $500,000 in the coming years. Speaking at the Proof of Talk conference in Paris, he stated, "We believe Bitcoin will experience a significant pullback in the next six months, potentially reaching 70%. We believe $26,000 to $30,000 is the figure we've arrived at. If the stock market pullback is even only half of what it was in 2008, Bitcoin's losses will be twice the losses from its debt." Currently, Bitcoin is trading at around $63,000, down nearly 28% this year. Bundy also stated that his pessimistic prediction is based on data and analysis from his chief economist, Nouriel Roubini, known as "Dr. Doom" for accurately predicting the 2008 subprime mortgage crisis. Despite Bundy's pessimistic view on Bitcoin's short-term prospects, he remains confident in its long-term value, predicting its price will be between $150,000 and $500,000.