Michael Terpin predicts that Bitcoin will enter a super cycle, potentially reaching $1 million in 8 years. He is based on the 'Four Seasons Theory', believing that Bitcoin's price fluctuates with halving events, with each cycle's peak exceeding the previous one. Institutional investment (such as BlackRock) does not change the cyclical pattern, as Bitcoin's scarcity and technological logic remain unchanged. We are currently in 'Bitcoin summer', and he is optimistic about the widespread adoption of cryptocurrency payments.