Bitget CEO: If the Federal Reserve pauses its balance sheet reduction and begins a rate-cutting cycle in December, Bitcoin may reach an all-time high.

A recent Forbes article cited Bitget CEO Gracy Chen's latest views on ETF inflows and the impact of institutional funds. She pointed out that the core driver of Bitcoin's current price has shifted to liquidity in the US market, rather than capital from Europe, the Middle East, or Asia. Funds from these regions tend to flow into the gold and stock markets, explaining the strong performance of gold, AI-related US stocks, and Chinese stock indices this year. Chen believes that once the US government shutdown ends in November (Polymarket predicts it will resume operations on the 14th), fiscal spending and market liquidity will restart; if the Federal Reserve pauses its balance sheet reduction and begins a rate-cutting cycle in December, a new bull market for Bitcoin may officially begin. Back in January, Chen boldly predicted that "BTC is expected to break through $130,000 and further surge towards $150,000 to $200,000." While this goal has not yet been achieved, she emphasized that once the government shutdown ends and the Federal Reserve shifts to easing, it's 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 gone all in again and look forward to witnessing Bitcoin reach a new all-time high with everyone."