Michael Terpin predicts Bitcoin could reach $193,000 by end of current cycle

Michael Terpin, CEO of The Transform Group, predicts Bitcoin could reach $193,000 by the end of its current cycle. He made this statement at Benzinga’s Fintech Deal Day on November 19, linking the forecast to historical trends and macroeconomic conditions. Terpin suggested that if conditions improve, Bitcoin's price might range between $200,000 and $300,000. He also announced his new book, "Bitcoin Supercycle," which outlines his model for Bitcoin's price movements. He expressed optimism about the impact of President-elect Donald Trump's administration on Bitcoin, anticipating favorable regulatory changes. Terpin believes the current cycle may end in late 2025, with Bitcoin showing strong performance this year.