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Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin

Cointelegraph · Aug 4, 2026

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Informational impact4/100
AI confidence100/100
Risk contextLowOperational, security or regulatory context
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Story summary

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Transform Ventures founder Michael Terpin stated that Bitcoin could experience another 30% downside from its current price before he is confident the market has reached a bottom. He specifically mentioned that Bitcoin is headed down to $43,500. Terpin’s comments were reported by Cointelegraph on August 4, 2026, and reflect his view on the potential short‑term decline in Bitcoin’s price.

Why it matters

The statement may influence investor sentiment and market expectations regarding Bitcoin’s near‑term price trajectory, potentially affecting trading decisions and risk assessments.

Key points

  • Michael Terpin is the founder of Transform Ventures.
  • He predicts Bitcoin could drop another 30% from its current price.
  • He expects Bitcoin to head down to $43,500.
  • He is not yet confident the market has reached a bottom.

Supported by supplied text

  • Michael Terpin is Transform Ventures founder.
  • He says Bitcoin could have another 30% downside from its current price.
  • He says Bitcoin could head down to $43,500.
  • He is not yet confident the market has reached a bottom.

Not established

  • The exact current price of Bitcoin at the time of the statement is not provided.
  • The timeframe for the potential 30% downside is not specified.
  • The reasons behind his confidence or lack thereof are not detailed.
Market context: unknown
AI output is based only on the stored feed text and may be incomplete or incorrect. It is not investment advice. Verify important claims at the original source.
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