$PIPPIN $ZEC

Some people say Bitcoin will surge to $1 million, and Ethereum could reach $8,500 – doesn't that sound a bit outrageous? But if you think about it, there is actually a fairly clear logic behind this wave of predictions.

Ultimately, the core issue lies with the actions of the Federal Reserve. Right now, the market is basically waiting for a signal: when will this marathon-like interest rate hike cycle finally ease? Once the rate cuts begin and liquidity returns, the money has to go somewhere, right? Historical experience tells us that every time liquidity is injected, digital assets like Bitcoin and Ethereum are often where funds flock.

What is different this time compared to before? Two points:

**First, the channel has been opened.** The emergence of a Bitcoin spot ETF is like providing a direct access for traditional financial institutions, allowing Wall Street money to enter the market without any detours. Once this scale is activated, the purchasing power will not be comparable to that of retail investors.

**Second, the ecosystem has thickened.** Ethereum is now no longer just a concept of a cryptocurrency; it hosts DeFi protocols, NFT marketplaces, and blockchain gaming ecosystems. The value support of the entire network is much more solid than it was a few years ago. From a fundamental perspective, there is indeed room for revaluation.

So those seemingly exaggerated numbers are actually an extreme extrapolation of the combination of "policy easing + mature infrastructure." Of course, the market is always full of uncertainties, but the general framework of the script may really already be laid out.

What do you think about this wave? If you could only choose one to invest heavily in, would you bet on Bitcoin or Ethereum? Or do you think these predictions are purely wishful thinking? Let's discuss your judgments in the comments section; maybe when the bull market turns around, one of us will have guessed the plot twist correctly.