Bitget CEO Sees BTC Price Stability Amid Interest Rate Concerns

Bitget CEO Gracy Chen expects Bitcoin to remain at current levels through the end of the year, despite its recent surge. Speaking on Cointelegraph's Trade Secrets podcast, Chen cited interest rates and broader macroeconomic conditions as key factors shaping BTC's outlook.

Citing the possibility of higher interest rates, Chen said that if this happens, the price should theoretically go down. She noted that Bitcoin has become increasingly integrated with traditional finance and is sensitive to broader macroeconomic conditions.

Chen described her 'more responsible' forecast as BTC finishing the year $10,000 to $20,000 above or below current levels, which she considers a broad range. She also expressed skepticism about the US government purchasing Bitcoin for its national reserve before the end of President Donald Trump's term, calling such a move unlikely within the next two years.

The US government currently holds an estimated 328,372 BTC, much of it accumulated through law enforcement seizures and asset forfeitures rather than direct purchases. Chen said actively purchasing Bitcoin would be a significantly bigger policy decision, requiring debate among lawmakers and political parties despite the administration's broadly crypto-friendly stance.