Bitcoin’s rally leans on fears that fiscal strains are mounting
Bitcoin’s latest rally gains momentum as debt fears, weaker dollar and renewed ETF demand revive the case for the cryptocurrency.
Bitget CEO Gracy Chen is skeptical about the current Bitcoin rally and believes it is not sustainable. She plans to purchase more BTC around the $50K level later in 2026 or early next year. Chen is not convinced that Bitcoin's recent surge to $79,000 marks the end of the bear market and is keeping a large portion of her portfolio in stablecoins, waiting for a drop of over $25,000 from current prices as a potential buying opportunity.
She is unsure about Bitcoin's future price, but acknowledges that it could potentially reach $20,000 higher by year-end. Chen's personal price target for Bitcoin is currently $50,000, but she does not place significant importance on her prediction. She is just an exchange CEO, emphasizing that their expertise lies in providing a trading platform rather than analyzing Bitcoin's price.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K cointelegraph.com
