Bitget CEO Gracy Chen isn’t satisfied that Bitcoin’s latest rally to $79,000 marks the finish of the bear market.
She is maintaining a good portion of her portfolio in stablecoins and watching for a drop of greater than $25,000 from present costs as a possible degree to purchase again into Bitcoin. “I might say $50K is the quantity that I’m taking a look at for my private Bitcoin buyback type of value,” Chen tells the Commerce Secrets and techniques present.
That being mentioned, Chen isn’t claiming to have any particular perception into the place Bitcoin’s notoriously unpredictable value is headed. She additionally thinks its possible Bitcoin could end the year $20,000 higher.
“I’m simply an alternate CEO,” Chen laughs. “We’re not good at analyzing Bitcoin value. We’re simply good at offering a buying and selling platform for all the analysts and merchants to commerce,” she provides.
Gracy Chen isn’t anticipating Bitcoin to be up solely from right here. (CoinMarketCap)
Chen can be removed from alone in anticipating Bitcoin to doubtlessly transfer decrease, regardless of Bitcoin being up greater than 20% in the previous week.
Remodel Ventures founder Michael Terpin told Trade Secrets at the starting of August that “we nonetheless have extra ache to go.” Terpin believes that Bitcoin will finally fall “66%” from its October 2025 all-time excessive of $126,100. “I believe that brings us down into the 40s, and I believe that’s about the place we’re gonna go,” Terpin says.
Earlier than this week’s rally, veteran dealer Peter Brandt additionally tipped Bitcoin’s value to achieve a bottom on Oct. 4.
Chen isn’t placing a agency date on Bitcoin’s potential transfer to $50,000, she simply believes it’s seemingly:
“I wouldn’t say no matter I predicted is that significant, however once more it’s simply my private type of thought round now. I don’t have a specific date or month in thoughts for after I suppose Bitcoin may hit $50,000. Later this 12 months is likely to be a very good estimate, or possibly subsequent 12 months.”
Whereas Chen is humble sufficient to explain herself as “simply an alternate CEO,” that actually undersells what she has achieved over her 36 years.
Who’s Gracy Chen?
Chen first studied Utilized Arithmetic at the Nationwide College of Singapore earlier than incomes an MBA from MIT Sloan Faculty of Administration.
However her profession didn’t start in enterprise — except present enterprise counts. In 2014, she joined Phoenix TV as a number and producer, the place she started attending monetary occasions and interviewing expertise and enterprise leaders, experiences that might ultimately lead her towards entrepreneurship.
Over the subsequent few years, Chen based two firms. The primary was Accumulous, which supplied platform-as-a-service options for companies in China, overlaying areas together with labor subcontracting and revenue settlement. In 2017, she went on to launch ReigVR.
Chen turned taken with crypto after a gathering with billionaire Bitcoin investor Tim Draper and his crypto crew.
This led her to start in crypto advertising and marketing roles, earlier than finally turning into the managing director of Bitget in 2022 after which taking up the CEO position in 2024.
Gracy Chen will not be taken with altcoins
Regardless of working a crypto alternate with many alternative tokens, Chen will not be notably enamoured with altcoins. “Most of my portfolio is in both Bitcoin or the S&P 500. I don’t commerce that a lot due to my busy schedule working a big alternate,” Chen says.
Chen estimates that “lower than 1%” of her portfolio is in Ethereum and Solana.
There may be one altcoin that she has been enthusiastic about, nonetheless. “I do like Hyperliquid, and I believe HYPE additionally went up quite a bit…due to the extra crypto-friendly coverage in the direction of them. In order that’s in all probability one coin that I’m bullish on proper now, particularly if CFTC actually finds a technique to let Hyperliquid enter the US market correctly,” Chen says. President Trump this week indicated that the CFTC chair Mike Selig was engaged on permitting Hyperliquid to formally commerce in regulated US markets.
Chen will not be shy about her hatred for memecoins and is pretty assured that we gained’t see one other memecoin season like in earlier cycles, as a result of too many buyers have been burned. “Retails should not silly,” Chen says.
Gracy Chen doesn’t consider Bitcoin will attain $1M by 2030
Chen additionally doubts Bitcoin can attain $1 million by 2030, a query that has turn out to be a recurring subject on Commerce Secrets and techniques. Markus Thielen just lately advised the present that the goal appears unlikely, regardless of bullish calls from Brian Armstrong and Cathie Wooden.
Chen factors to Bitcoin’s diminishing returns throughout its four-year cycles as a key purpose.
“The reason is in the event you take a look at the previous four-year Bitcoin cycles, the ratio of the all-time excessive in that cycle to the all-time low in that cycle retains lowering,” she says.
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