Bitget CEO Sees Little Change in Bitcoin Price by Year-End

Bitget CEO Gracy Chen is skeptical about Bitcoin's price movement in the coming months. Speaking on Cointelegraph's Trade Secrets podcast, she said that BTC may remain around its current levels through the end of the year, citing interest rates and broader macroeconomic conditions as key factors.

Chen believes that if interest rates increase, it could put downward pressure on Bitcoin's price. She noted that the cryptocurrency has become increasingly integrated with traditional finance and is sensitive to broader macroeconomic conditions.

'My guess is maybe around the same range,' Chen said, adding that BTC could finish the year $10,000 to $20,000 above or below current levels. 'That's my more responsible forecast.'

Chen also expressed doubt about the US government purchasing Bitcoin for its national reserve before the end of President Donald Trump's term. She noted that actively purchasing Bitcoin would be a significant policy decision requiring debate among lawmakers and political parties.