Terpin: Bitcoin Still Follows Halving Cycles
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- Michael Terpin argues that greed causes most traders to misjudge market tops, recalling how many missed the chance to exit Bitcoin above $60,000 in 2021 while chasing a $100,000 target
- Michael Terpin maintains Bitcoin still follows its traditional four-year halving cycle, rejecting claims that institutional adoption has permanently altered its boom-and-bust dynamics
- Michael Terpin expresses skepticism about corporate Bitcoin strategies, stating he would 'rather bet on Bitcoin than a single company' despite Michael Saylor's track record with Strategy
- Michael Terpin notes that altcoins demand constant attention, whereas Bitcoin can be managed passively by buying near cycle lows and selling near highs
- Michael Terpin cites Trump-era tariffs and broader macro conditions as factors that created room for market manipulation, undermining expectations of strong performance under Republican leadership
Why it matters: Terpin’s warning challenges the narrative that institutional ownership stabilizes Bitcoin, highlighting ongoing vulnerability to macro forces and corporate risk. Investors relying on companies like Strategy for exposure face added structural risk beyond price volatility.
