Fed's new policy may drive up Bitcoin - from an expected path of 124,000 to 200,000.

[Coin World] A senior executive from a well-known exchange recently shared his views on the future of Bitcoin. He believes that the “Reserve Management Purchase” new policy introduced by the Fed is essentially a rebranded quantitative easing measure, which will release considerable liquidity into the market in the short term. This improvement in the liquidity environment could potentially drive Bitcoin to break the $200,000 mark by early 2026.

However, there is a process before this wave of increase. He predicts that Bitcoin may first pull back to around $124,000, and then stabilize at this price level and form strong support. In other words, $124,000 may become the starting point for a new round of market movement.

It is worth noting that he also mentioned Ethena's ENA token. As interest rate policies evolve, such yield-generating assets will also encounter new opportunities. In an environment of abundant liquidity, from Bitcoin to various income-generating tokens, the entire crypto asset ecosystem may benefit.