Michael Terpin predicts BTC bottom between $48k and $57k this October

Michael Terpin, an early Bitcoin investor known as the "godfather of cryptocurrency," has predicted a 50% probability that Bitcoin will bottom out between $48,000 and $57,000, potentially this October. He added that buying pressure from Strategy STRC and ETFs has raised the floor, making a drop below $40,000 unlikely. Terpin explained that the current primary selling pressure is not from whale investors but from retail traders liquidating leveraged positions. While he does not see quantum computing as a short-term threat to Bitcoin, he warned that advanced AI models could disable major Ethereum smart contracts, potentially causing an FTX-like situation within this market cycle. He maintained his existing forecast that Bitcoin will reach $1 million by 2033.