Bitget CEO Gracie Chen expects bitcoin to remain broadly near current levels through the end of the year despite recent gains, citing interest rates and broader macroeconomic conditions as key factors shaping the cryptocurrency’s outlook.
Speaking on Cointelegraph’s Trade Secrets podcast, Chen said it’s difficult to predict whether Bitcoin (BTC) will end the year above or below $70,000, pointing to the possibility of higher interest rates as a factor that could pressure prices.
Cointelegraph hosts an interview with BitGate CEO Gracie Chen. Source: Trade secrets
“If any of this happens, at least in theory the price should go down,” Chen said, noting that BTC has become increasingly integrated with traditional currencies and sensitive to broader macroeconomic conditions.
“My estimate is probably around the same range,” Chen said, adding that BTC could end the year $10,000 to $20,000 above or below current levels, which he described as his “more responsible” forecast.
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Chen sees US bitcoin purchases as unlikely
Chen was also skeptical that the US government would start buying bitcoin for its national reserve before the end of President Donald Trump’s term, calling such a move unlikely within the next two years.
Trump administration established A strategic bitcoin reserve using BTC has already been forfeited to the federal government in March 2025, with officials instructed to explore budget-neutral strategies to acquire additional BTC.
According to BitcoinTreasuries.NET the US government currently holds an estimated 328,372 BTC, most of it accumulated through law enforcement seizures and asset forfeiture rather than outright purchases.
Top 5 Government Bitcoin Holdings. Source: BitcoinTreasuries.NET
Chen said that actively buying bitcoin would be a significantly larger policy decision, requiring debate among lawmakers and political parties despite the administration’s largely crypto-friendly stance.
“From a policy perspective, it’s probably unlikely,” Chen said. “I can’t see right now.”
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