Bitcoin to Hold Steady Through Year-End, US Government Purchases Unlikely, Says Bitget Chief
Gracy Chen, CEO of Bitget, forecasts Bitcoin will hover around present price levels until the end of the year and expresses skepticism about US government Bitcoin acquisitions occurring within the next two years.
Despite Bitcoin's recent upward momentum, Bitget CEO Gracy Chen anticipates the cryptocurrency will maintain roughly its current price range through year's end, highlighting interest rate policies and wider macroeconomic factors as critical elements influencing the digital asset's trajectory.
In an appearance on Cointelegraph's Trade Secrets podcast, Chen explained that forecasting whether Bitcoin (BTC) will close the year trading above or below the $70,000 mark presents considerable challenges, noting that the potential for elevated interest rates represents one element that might exert downward pressure on valuations.
"If any of that happens, the price should go down, at least theoretically," Chen said, further noting that BTC has grown progressively more intertwined with conventional financial markets and responsive to wider macroeconomic trends.
"My guess is maybe around the same range," Chen said, indicating that BTC might conclude the year anywhere from $10,000 to $20,000 higher or lower than present price levels, a prediction she characterized as her "more responsible" outlook.
Chen sees US Bitcoin purchases as unlikely
Chen also expressed doubt regarding the prospect of the US government initiating Bitcoin purchases for its national reserve prior to the conclusion of President Donald Trump's term, characterizing such action as improbable within the coming two years.
The Trump administration created a Strategic Bitcoin Reserve in March 2025 utilizing BTC that had already been forfeited to the federal government, while instructing officials to examine budget-neutral approaches for acquiring additional BTC.
The US government presently possesses an estimated 328,372 BTC, according to BitcoinTreasuries.NET, with the majority of these holdings accumulated via law enforcement seizures and asset forfeitures instead of direct market purchases.
Chen emphasized that actively purchasing Bitcoin would represent a substantially more consequential policy determination, necessitating deliberation among legislators and across political parties notwithstanding the administration's generally cryptocurrency-supportive position.
"From a policy perspective, it's probably unlikely," Chen said. "I just don't see it coming right now."