Bitget CEO: Bitcoin Likely Stays Near Current Levels as US Buys Unlikely
Bitget CEO Gracy Chen says Bitcoin (BTC) is likely to finish the year near current levels, even after its recent rally. Speaking on Cointelegraph’s Trade Secrets, Chen noted that the key driver could be macro conditions—especially interest rates—rather than short-term momentum.
Chen described it as difficult to predict whether Bitcoin will end above or below $70,000. Her “more responsible” forecast is a wider band: BTC could trade roughly $10,000 to $20,000 above or below today’s levels.
She also doubted US government purchases of Bitcoin for a strategic reserve before the end of President Donald Trump’s term. While the administration created a Strategic Bitcoin Reserve in March 2025 and holds about 328,372 BTC largely from law-enforcement seizures and asset forfeitures, Chen argued that actively buying BTC would require major political debate across parties.
For traders, the message is that BTC’s near-term direction may remain range-bound as long as rate pressure and broader uncertainty persist, while any “US buying” narrative is less likely to become a near-term catalyst.
Neutral
Chen’s stance is mildly neutral because it removes a potentially bullish near-term catalyst (large-scale US spot buying) while still expecting BTC to hold roughly the current range rather than deliver a bearish breakdown. Her core drivers—interest rates and broader macro uncertainty—historically tend to create range-bound trading and slower trend development until rates/expectations shift.
In similar past episodes, when rate-sensitive assets faced uncertainty and “new demand” headlines were questioned, BTC often oscillated within a band: liquidity and derivatives positioned for continuation, but spot follow-through was capped until a clearer macro turn or concrete policy action emerged. Here, the “US purchases unlikely within two years” view likely reduces the probability of a strong upside impulse tied to government accumulation.
Short term: traders may keep BTC anchored to a broader $10k–$20k spread around current levels, watching yields and rate commentary more than headlines.
Long term: if political constraints delay active buying, institutional and organic demand may become the primary determinants; BTC could still trend, but catalysts may be incremental rather than sudden.