Bitget CEO: Rally to $79K Not Bear End, Eyes $50K Buyback

Bitget CEO Gracy Chen remains cautious about Bitcoin’s rally to $79,000, telling the Trade Secrets show she is keeping a significant portion of her portfolio in stablecoins. She is watching for a drop of more than $25,000 from current prices as a potential level to buy back into Bitcoin, targeting $50,000.

However, Chen does not claim special insight into Bitcoin’s unpredictable price. She laughs, “I’m just an exchange CEO,” adding that she and her team focus on providing a trading platform rather than analyzing Bitcoin Price. She also thinks Bitcoin could end the year $20,000 higher.

Meanwhile, Chen is not enamored with altcoins, estimating that less than 1% of her portfolio is in Ethereum and Solana. She is bullish on Hyperliquid (HYPE) due to potential U.S. market entry under a more crypto-friendly regulatory environment, as indicated by President Trump. She is confident that another memecoin season is unlikely, noting that “retails are not stupid.”

Chen also doubts Bitcoin can reach $1 million by 2030. She points to diminishing returns across four-year cycles, where the ratio of all-time high to all-time low keeps decreasing. The BTC price data is tracked on CoinMarketCap. Chen was previously a host and producer at Phoenix TV before founding two companies and eventually becoming Bitget’s managing director in 2022 and CEO in 2024.

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