Pantera Capital Founder: Bitcoin to Reach $750,000 in Four to Five Years

On September 16th, as per official information, Cyber's encrypted AI command center, Surf, has officially become accessible to all users. Simultaneously, a new membership tier, Surf Plus (with a starting price of $9 per month), has been launched. Under this tier, users can enjoy 25 deep-dive sessions and an unlimited number of quick-answer sessions. Meanwhile, the project has initiated the "Best Research Report Competition," which offers a total prize pool of 5000 CYBER tokens. The participation method is as follows: users create a research report using Surf, share their personal insights along with the report link, and finally fill out the official form to participate in the selection activity. The deadline for this event is September 30th at 23:59 UTC.

On September 16th, driven by the weakening US dollar, the price of gold soared to a historic high on Tuesday. Spot gold exceeded the $3690 level. The market generally expects the Federal Reserve to cut interest rates during this week's policy meeting. Kyle Rodda, an analyst at Capital.com, said, "Market sentiment is very optimistic. The market is betting on a rate cut ahead of the Federal Open Market Committee decision. The short- to medium-term outlook for gold remains strong." He added, "The interest rate curve has already incorporated a lot of dovish expectations. If the Fed does not support these expectations in its guidance and forecasts, it could lead to a significant drop in gold prices. If the Fed aligns with market pricing, it could serve as a catalyst to push gold through the $3700 level." (FX168)

September 16th: On Monday, the U.S. Senate confirmed Milan narrowly to assume the position of a Federal Reserve governor. This was achieved by securing one of the 12 votes just prior to the crucial September Fed policy meeting. The other two Federal Reserve governors appointed during Trump's first term, Bowman and Waller, both voted against keeping the rates unchanged at the July meeting and advocated for a rate cut. Analysts state that due to weaker-than-expected labor market data, these two may once again vote against maintaining the rates at the September meeting and support a more significant rate cut. Since the early days of Chairman Greenspan's tenure in 1988, there has not been a situation where three governors opposed a Fed policy decision. (Jinshi)

On September 16th, Matrixport put out a market insight which said, "The forced liquidation scale of Bitcoin has been generally low. Even when the price tested lower levels, this year, concentrated liquidations only took place during the March decline triggered by tariff news and the rebound in April." During the recent pullback to $106,000, large-scale liquidations were not observed either, indicating that the leverage level in the futures market remains relatively healthy. The downward pressure is limited, and the focus of risk has shifted to the upside; if the price continues to rise, concentrated stop-loss orders triggering may further drive the Bitcoin rally."

On September 16th, Kyle Samani, the Co-Founder of Multicoin and the Chairman of the Board of Forward Industries (FORD), when appearing on the ThreadGuy podcast, discussed the likelihood of conducting further fundraising for the treasury. He said, "I have put in a lot of work. It's not just about raising $1.65 billion and then stopping. My goal is even larger."

On September 16th, CryptoQuant analyst Axel Adler Jr. made a post stating, "The higher the value of the Bitcoin Risk Index, the more dangerous the current market structure is compared to the past three years, which increases the probability of a rapid pullback/liquidation." Currently, the index is at a low level, specifically 23%, suggesting a stable market environment with a low likelihood of a sharp decline. A similar situation took place during the period from September to December 2023. Market participants are closely monitoring tomorrow's speech by Fed Chair Powell, hoping that it will not bring any unexpected surprises.