4E: The risk of government shutdown approaches, Cook admits to holding cash, and the long-term logic of Bitcoin is once again a hot topic

ChainCatcher message, according to 4E observation, the U.S. government shutdown crisis is approaching again. With funding set to expire on September 30, Trump will meet with congressional leaders on September 29. If the spending bill is not passed, millions of federal employees may be affected. Deutsche Bank analysts warn that this is the highest risk window for a government shutdown since 2018-19. Trump previously stated, "If the government has to shut down, then shut it down."

In the cryptocurrency market, Apple CEO Tim Cook confirmed that he personally holds Bitcoin and Ethereum, calling them a "reasonable allocation idea" in his investment portfolio, indicating that cryptocurrencies are gradually being recognized by more mainstream tech leaders. Meanwhile, well-known analyst PlanB believes that the Bitcoin bull-bear dividing line will appear in June 2025, and it may enter a long-term stable upward cycle.

From the institutional perspective, Cathie Wood stated that Ethereum is unlikely to surpass Bitcoin, as Bitcoin's scale effect will continue to expand. However, she revealed that she has recently purchased BitMine stock to indirectly invest in the ETH ecosystem.

On the macro level, Citigroup's latest report raised the forecast for the stablecoin market size in 2030 to a baseline of $1.9 trillion, with an optimistic scenario reaching $4 trillion, corresponding to a trading volume that could exceed $200 trillion. The current market capitalization of stablecoins is about $296.8 billion, with USDT accounting for nearly 59%, indicating that the market is still in its early stages.

4E reminds investors: macro uncertainty combined with the gradual integration of the cryptocurrency market into the mainstream financial system presents both short-term risks and long-term opportunities. Investors should pay attention to the U.S. fiscal negotiations and stablecoin regulatory developments to seize structural opportunities.