Bitget CEO: If the Federal Reserve pauses tapering and starts a rate-cutting cycle, Bitcoin may reach historical highs

An article recently published by Forbes quoted Bitget CEO Gracy Chen's latest views on ETF fund inflows and the impact of institutional capital. She pointed out that the core driver of the current Bitcoin price has shifted to U.S. 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 U.S. stocks, and Chinese stock indices this year.

Gracy Chen believes that once the U.S. government ends the shutdown in November, fiscal spending and market liquidity will restart; if the Federal Reserve pauses balance sheet reduction and initiates a rate-cutting cycle in December, a new bull market for Bitcoin may officially begin. As early as January this year, Gracy Chen boldly predicted, "BTC is expected to break through $130,000 and further surge to $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 shifts 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. "I have personally reloaded my positions and look forward to witnessing Bitcoin set new historical highs with everyone."