News

ChainCatcher News: In a recent article published by Forbes, Bitget CEO Gracy Chen's latest views on ETF capital inflows and the impact of institutional funds were cited. She pointed out that the core driving force behind the current bitcoin price has shifted to US market liquidity, rather than capital from Europe, the Middle East, or Asia. Funds from these regions are more inclined to flow into gold and the stock market, which also explains the strong performance of gold, AI-related US stocks, and Chinese stock indices since the beginning of this year. Gracy Chen believes that once the US government ends the shutdown in November, fiscal spending and market liquidity will restart; if the Federal Reserve pauses quantitative tightening in December and begins a rate-cutting cycle, a new bitcoin bull market may officially begin. As early as January this year, Gracy Chen boldly predicted, "BTC is expected to break through $130,000 and further surge towards $150,000 to $200,000." Although this target has not yet been achieved, she emphasized that once the government shutdown ends and the Federal Reserve turns to easing, it is only a matter of time before bitcoin reaches $150,000, whether in the fourth quarter of this year or the first quarter of next year. Personally, I have gone all in again, looking forward to witnessing bitcoin reach a new all-time high together with everyone.