Michael Terpin, early investor and founder of Transform Ventures, forecasts that Bitcoin will drop below $43,500. He attributes this to investors’ greed, as many failed to sell in time during the previous peak of $69,000 in November 2021, when many expected Bitcoin to reach $100,000. Terpin believes Bitcoin still follows its traditional four-year cycle despite the rise of ETFs and institutional adoption, cautioning against the idea that institutions never sell. While acknowledging Michael Saylor’s success with Strategy, Terpin prefers betting on Bitcoin itself rather than a corporate structure, recommending a passive approach based on the four-year cycle.
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