Bitget CEO sees Bitcoin near current levels at year-end, doubts US will buy BTC
Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years.
Bitget CEO Gracy Chen foresees Bitcoin staying within a $10,000 to $20,000 range around its current price through the end of the year, attributing this uncertainty to macroeconomic conditions and interest rate fluctuations. During a recent appearance on Cointelegraph's Trade Secrets podcast, Chen expressed skepticism about the U.S. government acquiring Bitcoin for its national reserve within the next two years, citing the complexity of such a policy decision.
Speaking on the likelihood of BTC reaching above or below $70,000 by year-end, Chen admitted that determining the cryptocurrency's fate is challenging due to the interplay of various economic factors.
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