Gracy Chen Predicts Potential Bitcoin Bull Run Following US Shutdown Resolution And Fed’s Rate Cut
CEO of cryptocurrency change Bitget, Gracy Chen, just lately mentioned Bitcoin pricing and exchange-traded fund (ETF) inflows in an interview with Forbes, providing insights into potential market restoration following the October tenth crash. She noticed that rising Bitcoin ETF inflows towards the top of the week may point out that each Bitcoin and the broader cryptocurrency market are positioned for a rebound.
In a subsequent put up on social media platform X, Gracy Chen elaborated that Bitcoin’s worth is at present pushed primarily by US liquidity quite than inflows from Europe, the Middle East, or Asia. According to her, capital from these different areas tends to circulate extra towards gold and equities, which can clarify the sturdy efficiency of commodities comparable to gold, AI-focused US shares, and China’s fairness index earlier this yr.
Gracy Chen highlighted that when the US authorities shutdown concludes—Polymarket at present predicts the record-breaking 44-day shutdown may finish on November 14th—fiscal spending and market liquidity are anticipated to renew. Should the Federal Reserve halt its steadiness sheet discount and provoke a rate-cutting cycle in December, Bitget CEO suggests this might set off a brand new Bitcoin bull run, given Bitcoin’s sensitivity to liquidity as an asset class.
She additionally mirrored on a prediction made in January that Bitcoin may surpass $130,000 in 2025 and probably attain $150,000 to $200,000. While these ranges haven’t but been realized, Gracy Chen famous that when the US authorities shutdown ends and the Federal Reserve strikes towards easing, reaching $150,000 may happen as quickly as This autumn 2025 or Q1 2026.
Gracy Chen concluded by sharing that her private cryptocurrency positions are absolutely allotted, although she emphasised that this isn’t monetary recommendation. She expressed optimism about witnessing a brand new Bitcoin all-time high alongside different market members.
US Government Shutdown Nears Resolution, While Future Interest Rate Cut Remains Uncertain
US lawmakers have made progress towards ending the continuing authorities shutdown, with the Senate passing a extremely contested funding invoice on Monday. If authorised by the House of Representatives, the measure would then be despatched to President Donald Trump for signature, probably ending the longest shutdown in US historical past.
Contributing to optimism, a Sunday evening put up by Donald Trump hinted at a $2,000 “dividend” funded via tariff revenues. Prediction market information from Polymarket at present assigns an 86% likelihood that the shutdown may conclude between November twelfth and fifteenth.
Amid hypothesis over a decision, Bitcoin costs surged. After falling to $99,300 on Friday, BTC rose roughly 6.7%, reaching round $105,163 on the time of writing, in response to CoinMarketCap.
At the identical time, Federal Reserve Chair Jerome Powell highlighted disagreements amongst policymakers, noting {that a} December charge minimize isn’t assured. Some officers stay cautious because of inflation remaining above the Federal Reserve’s 2% goal, whereas others advocating for decrease charges are involved about potential labor market deterioration.
The shutdown has restricted the discharge of official financial information, leaving policymakers constrained. Markets at present worth in roughly a 63% probability of a 3rd charge discount in December, though this likelihood has been step by step declining because the Federal Reserve’s October assembly, in response to CME Group’s FedWatch.
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