TechFlow, November 11 — According to a recent article published by Forbes, Gracy Chen, CEO of Bitget, shared her latest views on ETF fund inflows and institutional capital impacts. She pointed out that the core driver behind Bitcoin's current price is now 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 stock markets, which explains the strong performance of gold, AI-related U.S. equities, and Chinese indices this year.
Gracy Chen believes that once the U.S. government ends its shutdown (predicted by Polymarket to resume operations around the 14th), fiscal spending and market liquidity will restart. If the Federal Reserve pauses quantitative tightening and begins a rate-cutting cycle in December, a new Bitcoin bull market could officially begin.
As early as January this year, Gracy Chen boldly predicted that "BTC could break $130,000 and further surge toward $150,000–$200,000." While this target has not yet been achieved, she emphasized that once the government shutdown ends and the Fed turns dovish, reaching $150,000 for Bitcoin is only a matter of time—whether in Q4 this year or Q1 next year. "I've personally rebalanced to full position again and look forward to witnessing Bitcoin reach new all-time highs together with everyone."
