Bitcoin's price forecasts have garnered industry attention, with Chief Investment Officer Matt Hougan pointing out that if Bitcoin can capture approximately 40 trillion dollars of the global store of value market, the price could potentially reach 1 million dollars. While analysts generally support this line of reasoning, there are differences of opinion regarding the timeline for achieving this target. Many experts believe this is a long-term outlook that requires sustained institutional investment and macroeconomic environment support.
Bitcoin (BTC) rebounded strongly over the weekend, trading around $72,490 on March 16. A "super central bank week" is approaching, with the shadow of Iran conflict looming over global interest rate decisions. U.S. Energy Secretary Wright stated that the Iran conflict will end "in the coming weeks," after which oil supplies will recover and energy prices will decline. The International Energy Agency revealed that emergency reserve oil will soon begin flowing into global markets.
Decentralized lending platform Venus Protocol recently suffered a supply cap manipulation attack on Thena tokens, resulting in losses exceeding $3.7 million. The attacker accumulated tokens over 9 months through gradual methods, ultimately bypassing supply caps and manipulating prices, which caused massive asset borrowing. The platform has suspended related lending and withdrawal functions to mitigate risks, highlighting systemic vulnerabilities in DeFi protocols regarding long-term monitoring and low-liquidity tokens.