Bitcoin may have already erased half of its market cap, but veteran crypto investor Michael Terpin says the asset still has further to fall before hitting rock bottom.
“We still have more pain to go,” Terpin tells Cointelegraph on the Trade Secrets show. Terpin believes that Bitcoin will ultimately fall “66%” from its October 2025 all-time high of $126,100. “I think that brings us down into the 40s, and I think that’s about where we’re gonna go,” Terpin says.
To be precise, a 66% drop from the ATH would see Bitcoin changing hands for $43,500, a price the asset has not seen since early February 2024. The 68-year-old investor, often referred to as the “Godfather of Crypto,” has seen Bitcoin plunge enough times to know what a true bottom feels like.
The ‘defining hallmarks’ of a Bitcoin bottom
Terpin doesn’t think markets have seen true capitulation yet. “One of the defining hallmarks of the bottom is that…
