Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
Transform Ventures founder Michael Terpin says Bitcoin could have another 30% downside from its current price before he is confident the market has reached a bottom.
Veteran crypto investor Michael Terpin warns that Bitcoin may face another 30% decline from its current price of $43,500 before he considers the market at its bottom. The 66-year-old investor, known as the "Godfather of Crypto," believes Bitcoin has already shed half of its market cap and could fall "66%" from its October 2025 all-time high of $126,100, bringing the price down to $43,500.
Terpin claims this price point has not been seen since early February 2024. Despite the industry's recent debate that institutional adoption and the launch of spot ETFs could change the market's usual boom-and-bust pattern, Terpin insists that Bitcoin continues to follow its traditional four-year cycle. He warns that greed is the reason most traders fail to time market cycles correctly.
Terpin’s caution extends to companies built around Bitcoin exposure, like those led by Strategy and its executive chairman Michael Saylor, urging investors to understand the risks of investing in corporate structures instead of owning the underlying asset. Terpin prefers to bet on Bitcoin rather than individual companies, emphasizing that investors only need to check their portfolio a couple of times during the four-year cycle – when near the bottom for potential buying and near the top for selling.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
