Is 2026 the Next Bitcoin Winter？ Michael Terpin on Cycles, Peaks, and Market Timing

In this episode of Blockchain Interviews, host Ashton Addison sits down with Michael Terpin, early Bitcoin investor and author of Bitcoin Supercycle, to break down where Bitcoin stands in the four-year halving cycle and why he believes 2026 could be a defining bear-market year. Terpin explains his “Four Seasons” framework for Bitcoin, why bull markets historically peak in Q4 after a halving, and how the current cycle compares to past drawdowns in 2014, 2018, and 2022.The conversation explores the difference between a true “supercycle” and the idea that crashes are gone for good, how ETFs and institutional capital amplify both upside and downside, and why macro forces like Fed policy and U.S. politics still matter. Terpin also shares his views on profit-taking, re-entry during Bitcoin Winter, and what separates disciplined investors from those who capitulate at market lows. Whether you’re preparing for volatility in 2026 or thinking long-term toward Bitcoin’s role as digital gold, this episode offers a clear framework for navigating the next phase of the crypto cycle.Bitcoin Supercycle Book:https://www.amazon.com/Bitcoin-Supercycle-Crypto-Calendar-Make/dp/151078215Xhttps://bitcoinsupercycle.ai 🔔JOIN OUR FREE NEWSLETTER FOR 100X GAINS🔔: https://cryptocoinshow.substack.com/subscribe