Bitget CEO Predicts Bitcoin Will Stay Near Current Levels Through Year-End

Bitget CEO Gracy Chen expects Bitcoin to remain broadly close to its current price by the end of the year, pointing to interest rates and wider macroeconomic conditions as key factors that could shape its direction.

Cautious Outlook on Price Movement

Speaking on a recent podcast, Chen said predicting whether Bitcoin will finish the year above or below $70,000 remains difficult, noting that higher interest rates could put downward pressure on the price. She estimated Bitcoin could end the year within $10,000 to $20,000 of current levels, calling this her more conservative forecast given how closely the asset now tracks traditional financial markets.

Skepticism Around US Government Bitcoin Purchases

Chen also downplayed expectations that the US government will begin actively buying Bitcoin for its national reserve anytime soon, calling it unlikely within the next two years.

While the Trump administration established a Strategic Bitcoin Reserve using previously forfeited assets, Chen said any move toward direct government purchases would require significant policy debate. The US currently holds an estimated 328,372 BTC, largely obtained through law enforcement seizures rather than market purchases.