Jiang Zhuo'er: The Probability of Bitcoin Falling Below $67,000 Is Very Low, ETH Remains the "Engine" of This Bull Market

BlockBeats News, August 26th, BitPool (B.TOP) founder Jiang Zhuo'er stated in a post that on the first US stock trading day after a weekend surge, ETF fund flow became a key observation indicator. Data shows that Bitcoin ETF saw a net inflow of $314 million, while Ethereum ETF saw a net inflow of $180 million.

Funds in the US stock market are bullish, indicating that this round of gains has received further fund confirmation, and the probability of Bitcoin falling back below the $67,000 starting point is very low. At the same time, the inflow of funds into Ethereum ETF is equivalent to 57.2% of Bitcoin, significantly higher than the ETH/BTC total market cap ratio of 18.8%. Based on this, he believes that ETH will continue to play the "engine" of this bull market.

With Trump significantly embracing blockchain and the advancement of the "CLARITY Act," financial assets such as the US dollar, US stocks, and US bonds may further move onto the blockchain, be tokenized, and smart contract-enabled. He believes that this will drive more traditional financial professionals to understand and invest in the blockchain ecosystem.