Crypto Veteran Forecasts Bitcoin Dip to $48K Before Million-Dollar Rally
Key Takeaways Transform Ventures CEO Michael Terpin, dubbed the ‘Godfather of Crypto,’ maintains a bearish short-term stance on Bitcoin while holding bullish long-term conviction Terpin assigns 2-to-1 probability to Bitcoin declining toward $48,000–$60,000 range by October 2026 Strategy’s ongoing accumulation and Bitcoin ETF demand provide support floor around $40,000, according to Terpin’s analysis A fresh bullish cycle is anticipated leading up to the 2028 United States presidential election Terpin’s ultimate price projection of $1 million per Bitcoin by 2033 aligns with forecasts from Cathie Wood, Michael Saylor, and other prominent figures Michael Terpin, a pioneering Bitcoin proponent whom CNBC has called “the Godfather of Crypto,” believes Bitcoin faces further downside before embarking on its next major uptrend. He outlined his perspective during a recent appearance on the David Lin podcast. CRYPTO "GODFATHER" IS SHORTING BITCOIN Michael Terpin said his fu...