Bitcoin to Hit $43,500, Predicts Veteran Crypto Investor

Veteran crypto investor Michael Terpin believes Bitcoin's price will continue to decline before reaching its bottom.

Terpin, often referred to as the 'Godfather of Crypto', predicts that a 66% drop from the asset's all-time high would see Bitcoin trading for $43,500. This price point has not been seen since early February 2024.

Terpin attributes his confidence in this prediction to the lack of true capitulation in the market yet. He notes that one of the defining hallmarks of a bottom is when prices do not bounce back.