Bitget CEO Sees Bitcoin Stuck Near Current Levels by Year-End

Bitget CEO Gracy Chen expects Bitcoin to remain close to its current levels by year-end, citing interest rates and broader macroeconomic conditions as key factors. Speaking on Cointelegraph's Trade Secrets podcast, Chen noted that predicting whether Bitcoin will finish the year above or below $70,000 is challenging.

Chen pointed out that higher interest rates could put downward pressure on prices, stating 'if any of that happens, the price should go down, at least theoretically.' She emphasized that BTC has become increasingly integrated with traditional finance and sensitive to broader macroeconomic conditions.

'My guess is maybe around the same range,' Chen said, adding that Bitcoin could finish the year $10,000 to $20,000 above or below current levels, describing this as her 'more responsible' forecast. However, she remains skeptical about the US government's potential purchases of BTC for its national reserve.

Chen believes it is unlikely for the US government to actively purchase Bitcoin within the next two years, citing the need for a significant policy decision that requires debate among lawmakers and political parties despite the administration's broadly crypto-friendly stance.