Bitget CEO Gracy Chen isn’t satisfied that Bitcoin’s latest rally to $79,000 marks the top of the bear market.
She is preserving a good portion of her portfolio in stablecoins and awaiting a drop of greater than $25,000 from present costs as a possible stage to purchase again into Bitcoin. “I’d say $50K is the quantity that I’m for my private Bitcoin buyback kind of worth,” Chen tells the Commerce Secrets and techniques present.
That being mentioned, Chen isn’t claiming to have any particular perception into the place Bitcoin’s notoriously unpredictable worth is headed. She additionally thinks its potential Bitcoin may finish the yr $20,000 larger.
“I’m simply an alternate CEO,” Chen laughs. “We’re not good at analyzing Bitcoin worth. We’re simply good at offering a buying and selling platform for all of the analysts and merchants to commerce,” she provides.
Gracy Chen isn’t anticipating Bitcoin to be up solely from right here. (CoinMarketCap)
Chen can be removed from alone in anticipating Bitcoin to doubtlessly transfer decrease, regardless of Bitcoin being up greater than 20% up to now week.
Remodel Ventures founder Michael Terpin advised Commerce Secrets and techniques in the beginning of August that “we nonetheless have extra ache to go.” Terpin believes that Bitcoin will in the end fall “66%” from its October 2025 all-time excessive of $126,100. “I feel that brings us down into the 40s, and I feel that’s about the place we’re gonna go,” Terpin says.
Earlier than this week’s rally, veteran dealer Peter Brandt additionally tipped Bitcoin’s worth to succeed in a backside on Oct. 4.
Chen isn’t placing a agency date on Bitcoin’s potential transfer to $50,000, she simply believes it’s possible:
“I wouldn’t say no matter I predicted is that significant, however once more it’s simply my private kind of thought round now. I don’t have a selected date or month in thoughts for after I suppose Bitcoin may hit $50,000. Later this yr may be a very good estimate, or possibly subsequent yr.”
Whereas Chen is humble sufficient to explain herself as “simply an alternate CEO,” that actually undersells what she has completed over her 36 years.
Who’s Gracy Chen?
Chen first studied Utilized Arithmetic on the Nationwide College of Singapore earlier than incomes an MBA from MIT Sloan College of Administration.
However her profession didn’t start in enterprise — except present enterprise counts. In 2014, she joined Phoenix TV as a bunch and producer, the place she started attending monetary occasions and interviewing know-how and enterprise leaders, experiences that may finally lead her towards entrepreneurship.
Over the subsequent few years, Chen based two corporations. The primary was Accumulous, which offered platform-as-a-service options for companies in China, masking areas together with labor subcontracting and revenue settlement. In 2017, she went on to launch ReigVR.
Chen turned excited about crypto after a gathering with billionaire Bitcoin investor Tim Draper and his crypto group.
This led her to start in crypto advertising and marketing roles, earlier than in the end turning into the managing director of Bitget in 2022 after which taking up the CEO position in 2024.
Gracy Chen will not be excited about altcoins
Regardless of operating a crypto alternate with many various tokens, Chen will not be significantly enamoured with altcoins. “Most of my portfolio is in both Bitcoin or the S&P 500. I don’t commerce that a lot due to my busy schedule operating a big alternate,” Chen says.
Chen estimates that “lower than 1%” of her portfolio is in Ethereum and Solana.
There may be one altcoin that she has been enthusiastic about, nevertheless. “I do like Hyperliquid, and I feel HYPE additionally went up so much…due to the extra crypto-friendly coverage in the direction of them. In order that’s in all probability one coin that I’m bullish on proper now, particularly if CFTC actually finds a technique to let Hyperliquid enter the US market correctly,” Chen says. President Trump this week indicated that the CFTC chair Mike Selig was engaged on permitting Hyperliquid to formally commerce in regulated US markets.
Chen will not be shy about her hatred for memecoins and is pretty assured that we gained’t see one other memecoin season like in earlier cycles, as a result of too many buyers have been burned. “Retails should not silly,” Chen says.
Gracy Chen doesn’t imagine Bitcoin will attain $1M by 2030
Chen additionally doubts Bitcoin can attain $1 million by 2030, a query that has change into a recurring subject on Commerce Secrets and techniques. Markus Thielen lately advised the present that the goal seems to be unlikely, regardless of bullish calls from Brian Armstrong and Cathie Wooden.
Chen factors to Bitcoin’s diminishing returns throughout its four-year cycles as a key purpose.
“The reason is should you have a look at the previous four-year Bitcoin cycles, the ratio of the all-time excessive in that cycle to the all-time low in that cycle retains reducing,” she says.
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