Michael Terpin, founder of Transform Ventures, recently shared his outlook on the cryptocurrency market. He pointed out that in the current environment, the Bank of Japan's decision not to implement further interest rate hikes and the gradual easing of selling pressure from Jump Trading suggest that the price of Bitcoin is unlikely to fall below $50,000. Despite some short-term uncertainties in the market, Terpin predicts a bull market for the Bitcoin market based on the patterns observed over the past four years, with steady growth expected between October and November. Additionally, Terpin proposed an intriguing hypothetical scenario: if the result of the US presidential election in November supports the re-election of President Donald Trump, the price of Bitcoin could rise above $100,000. This perspective combines changes in the macroeconomic environment and the impact of political events on the cryptocurrency market, offering a unique market outlook.