Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    OKX chief executive defends aggressive compliance rules

    July 6, 2025

    Yuga Labs wants Pauly0x’s $400K worth of crypto seized

    July 6, 2025

    Forget ADA, this coin could rally 21,017% by next cycle

    July 6, 2025
    Facebook X (Twitter) Instagram
    Sunday, July 6
    • About
    • Contact us
    • Privacy Policy
    Facebook X (Twitter) LinkedIn YouTube
    Blockchain Echo
    Banner
    • Lithosphere News Releases
    • Bitcoin
    • Crypto
    • Ethereum
    • Litecoin
    • Altcoins
    • Blockchain
    Blockchain Echo
    Home » Bitget CEO Gracy Chen weighs in
    Crypto

    Bitget CEO Gracy Chen weighs in

    John SmithBy John SmithFebruary 18, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Bitcoin has been struggling, recently hitting a low of $95,000. Investors are now looking for the next major catalyst that could drive the cryptocurrency market forward. 

    Bitget CEO Gracy Chen, in a conversation with Bloomberg, shared her insights on potential catalysts to reverse Bitcoin’s slumping price action. Chen pointed out that one major factor could be the new U.S. administration under President Donald Trump. She mentioned that discussions are ongoing, but “nothing is concrete” regarding the inclusion of Bitcoin in the country’s strategic reserve.

    She said the administration is “still debating whether and how” Bitcoin (BTC) can be included in the strategic reserve. While discussions are underway, Chen cautioned that expectations should remain measured. She said:

    “I didn’t expect Bitcoin’s inclusion in the strategic reserve to become concrete in the first half of 2025—or even throughout the year.”

    Macroeconomic factors

    When asked about previous catalysts, such as the 2024 Bitcoin halving as a major driver, she said it was not meant to be a catalyst “because it’s already priced in.” The halving was a “very expected event” while “unexpected” events are the catalysts to lift Bitcoin’s price.

    Notably, she believes that macroeconomic conditions, not excessive Bitcoin purchases from the likes of Strategy and others, will play the biggest role in Bitcoin’s future. She pointed to potential U.S. interest rate cuts and broader fiscal policies. She said:

    “Another key factor the industry is watching is when the U.S. will start cutting interest rates and whether we’ll see more fiscal and monetary loosening.”

    Chen on Musk and Trump

    Chen also acknowledged concerns about over-reliance on political promises to drive Bitcoin’s growth. She highlighted how figures outside traditional politics, such as Elon Musk, have played a significant role in moving crypto markets.

    “One example I want to bring up is Dogecoin. Dogecoin’s price has largely been influenced by Elon Musk, who is more of a businessman than a politician,” she said.

    In her view, Trump also shares some of these traits:

    “Personally, I think Donald Trump is also more of a businessman than a politician—though he is, of course, both. But as a business leader, I believe entrepreneurs like Elon Musk and even Trump can drive more change than traditional politicians.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAfrica and Europe’s green opportunity
    Next Article Why XRP price could drop under $2 soon, and what’s Panshibi all about
    John Smith

    Related Posts

    OKX chief executive defends aggressive compliance rules

    July 6, 2025

    Forget ADA, this coin could rally 21,017% by next cycle

    July 6, 2025

    Bitcoin fireworks fizzle, but ETF inflows still sparkle

    July 6, 2025
    Leave A Reply Cancel Reply

    Top Posts

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    About Us

    Stay updated on the world of cryptocurrency
    Your one-stop source for daily crypto news and insights
    Blockchainecho.info: Your trusted daily crypto companion

    Most Popular

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Copyright © 2025
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.