Bitget CEO Gracy Chen expects Bitcoin to stay broadly round present ranges by way of the tip of the yr regardless of its latest surge, citing rates of interest and broader macroeconomic situations as key elements shaping the cryptocurrency’s outlook.
Talking on Cointelegraph’s Commerce Secrets and techniques podcast, Chen stated predicting whether or not Bitcoin (BTC) will end the yr above or under $70,000 is troublesome, pointing to the potential of increased rates of interest as one issue that would stress costs.
Cointelegraph host interviews Bitget CEO Gracy Chen. Supply: Commerce Secrets and techniques
“If any of that occurs, the worth ought to go down, not less than theoretically,” Chen stated, including that BTC has grow to be more and more built-in with conventional finance and delicate to broader macroeconomic situations.
“My guess is perhaps across the similar vary,” Chen stated, including that BTC might end the yr $10,000 to $20,000 above or under present ranges, which she described as her “extra accountable” forecast.
Associated: Bitcoin rally sends crypto shares hovering as miners, treasury corporations soar
Chen sees US Bitcoin purchases as unlikely
Chen was additionally skeptical that the US authorities will start buying Bitcoin for its nationwide reserve earlier than the tip of President Donald Trump’s time period, calling such a transfer unlikely throughout the subsequent two years.
The Trump administration established a Strategic Bitcoin Reserve in March 2025 utilizing BTC already forfeited to the federal authorities, whereas directing officers to discover budget-neutral methods for buying extra BTC.
The US authorities at the moment holds an estimated 328,372 BTC, in accordance with BitcoinTreasuries.NET, a lot of it collected by way of legislation enforcement seizures and asset forfeitures somewhat than direct purchases.
High 5 authorities Bitcoin holdings. Supply: BitcoinTreasuries.NET
Chen stated actively buying Bitcoin could be a considerably greater coverage choice, requiring debate amongst lawmakers and political events regardless of the administration’s broadly crypto-friendly stance.
“From a coverage perspective, it’s in all probability unlikely,” Chen stated. “I simply don’t see it coming proper now.”
Journal: Bitcoin to $1M by 2030 is ‘mathematically unattainable’ says Markus Thielen
