Cobo Co-Founder Shenyu Reaffirms Bitcoin (BTC) Digital Gold Thesis in First Interview Since 2017

Shenyu Reaffirms the Digital Gold Thesis

Cobo co-founder Shenyu, one of China's earliest Bitcoin (BTC) participants since 2011, has restated his long-term conviction that BTC remains digital gold — an asset that can be held without intermediaries, and whose value “presents itself precisely in extreme conditions.” In his first sit-down interview in roughly a decade, according to WuBlockchain, Shenyu argued that “a good asset does not need a narrative,” pushing back on the view that the current cycle lacks fresh storylines. He laid out a two-part investment framework built on “monopoly plus growth,” naming Bitcoin, Ethereum and Tesla as his core positions, with SpaceX still at the watchlist stage. Shenyu also framed BTC as the core asset for “sovereign individuals,” pairing it with AI as the two defining technological forces of the era, and noted that a long-term HODL stance only becomes durable once an investor has done the preparatory work to hold conviction through drawdowns.

Gemini AI's $110,000 End-2026 Target

Model-based forecasts are pointing in the same direction. A Google Gemini AI scenario set projects BTCUSD trading between $95,000 and $125,000 by the end of 2026, with a base-case target of $110,000 and the recent dip toward $79,000 framed as the entry zone. The near-term drag was macro rather than structural: Federal Reserve Governor Kevin Warsh's hawkish Jackson Hole speech reignited September rate-hike expectations, and the repricing mechanically cleared a $6.4 billion options expiration, knocking the price lower. Gemini's thesis leans on tightening supply and resilient demand — post-halving network hash rates sit at record highs, squeezing issuance, while spot ETF accumulation is expected to absorb macro headwinds once policy expectations stabilize. The model flags persistently high PCE inflation and sustained central bank tightening as the main risk, with $68,000 marked as the level that would invalidate the bullish case.

Iran Threats Fail to Rattle Price

Geopolitics, historically a reliable shock source for crypto, produced barely a tremble this time. After renewed US-Iran strikes resumed on Sunday — the first in over a month — President Donald Trump told Fox News on Monday, “We're going to hit them hard,” yet the asset held near $79,076, flat over 24 hours and unchanged week-on-week. That composure marks a clear shift from earlier this year, when February's US and Israel strikes on Iran sent the coin nosediving and war headlines in March and April kept it shaky. The month's strength has more concrete drivers: the Treasury's decision to at least double its liquidity-support buyback operations weakened the dollar and lifted non-yielding assets, Trump called the long-awaited Clarity Act a “very, very powerful” piece of legislation, and investors poured over $2.8 billion into spot crypto ETF vehicles between August 17 and 27 — the most since October — with a weekly inflow tally shared on X putting last week's intake at $3.2 billion, led by BlackRock's IBIT at $928 million.

Bond Yields Test the Monthly Close

Macro pressure remains live at month-end. Bitcoin price action gyrated around $78,000 at Monday's Wall Street open as the 10-year yield returned to 4.76%, its highest since January 2025, and the 30-year touched 5.269%, six basis points short of its January 2007 extreme. Treasury Secretary Scott Bessent, in a CNBC interview, said he had “not bought anything yet” to shore up the long end of the curve and was “fine” with yields rebounding, despite the Treasury's move to at least double debt buybacks to $4 billion from September. Bridgewater's Ray Dalio separately recommended overweighting gold “and a bit of Bitcoin” as a hedge against a future US debt crisis. On the charts, BTC held its 50-week EMA at $77,269 into the August close, with month-to-date gains near 25% — the best August since 2017 — though analyst Rekt Capital warned of a hidden bearish RSI divergence on the daily timeframe, where the RSI at 70.7 is printing lower highs despite bullish weekly signals. Readers tracking the market in real time can follow live spot and futures prices on Binance.

COINOTAG Composite: $80,266 Ceiling at 85/100

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $80,265.76 resistance at 85/100 (STRONG), driven by the confluence of the Swing High, Donchian Upper band, Fibonacci 0.000 retracement and R2 — the level bulls must clear to reopen the path toward the moderate $85,888 shelf (43/100). Below, the $76,944 support scores 74/100 on the Swing Low, ATR Lower band, S2 and Fibonacci 0.214, making it the line that would invalidate the short-term bullish structure if lost. Spot prints $79,008, up 1.25% over 24 hours, with the daily RSI at 71.64 and a bullish MACD inside an uptrend. Derivatives positioning looks balanced-to-constructive: funding at 0.0066%, open interest near $15.71 billion and a 1.10 long/short account ratio. With the Fear & Greed Index at 69 (Greed), a confirmed break above $80,266 favors continuation, while losing $76,944 flips the scenario bearish. For cycle context, our Bitcoin Rainbow Chart guide maps where this leg sits historically.