GORILLABSCgorilla Price

On August 26, Bernstein projected that as the 'currency devaluation trade' gradually gains traction, Bitcoin is expected to hit an all-time high of around $150,000 by mid-2027, and could potentially reach a peak of approximately $300,000 in this cycle by 2029. The firm also maintained its 'outperform' rating on Strategy (MSTR), but lowered its price target from $450 to $350, primarily due to its updated outlook on the Bitcoin market cycle and considering the dilution effects from Strategy's accelerated stock issuance.

On August 26, Bernstein projected that as the 'currency devaluation trade' gradually gains traction, Bitcoin will reach an all-time high of approximately $150,000 by mid-2027 and may peak around $300,000 in this cycle by 2029. The firm also maintained an 'outperform' rating on Strategy (MSTR) but lowered its price target from $450 to $350, primarily due to its updated outlook on the Bitcoin market cycle and considering the equity dilution effects from Strategy's accelerated stock issuance.

On August 26, Jiang Zhuoer, founder of the mining pool B.TOP, stated that after a significant rise over the weekend, ETF fund flows have become a key indicator to watch on the first trading day of U.S. stocks. Data shows that Bitcoin ETF saw a net inflow of $314 million, while Ethereum ETF had a net inflow of $180 million. U.S. stock funds are pursuing long positions, indicating that the current rise has gained further financial confirmation, making the probability of Bitcoin falling back below the $67,000 starting point very low. Additionally, the inflow into Ethereum ETFs is equivalent to 57.2% of Bitcoin's inflow, which is significantly higher than Ethereum's 18.8% share of the total market capitalization compared to Bitcoin. Based on this, he believes that ETH will continue to serve as the 'engine' of this bull market. With Trump significantly embracing blockchain and the advancement of the CLARITY Act, financial assets such as the U.S. dollar, U.S. stocks, and U.S. bonds may further be tokenized and integrated with smart contracts in the future. He believes this will encourage more traditional finance professionals to understand and invest in the related blockchain ecosystem.