No Dip Below $70,000: Why Bitget CEO Believes Bitcoin’s Next Stop is $200,000

BeInCrypto Russia team interviewed Gracy Chen, the CEO of Bitget. She revealed that Bitcoin (BTC) still has the strength to surge beyond the $200,000 milestone.

US Government Might Start Buying Bitcoin Soon – Bitget CEO

Chen drew attention to the fact that many were puzzled by the fall of Bitcoin against the background of the pro-crypt rhetoric of the current US President, Donald Trump. She noted that in America, they began to realize the idea of forming a strategic Bitcoin reserve.

“So far, the government is not purchasing BTC, but this may change soon. Such a step will give cryptocurrency institutional legitimacy and give long-term price support,” Chen told BeInCrypto.

Meanwhile, Chen drew attention to a bill progressing in Congress on stablecoins. In her opinion, the initiative signals a serious transition to a financial system based on blockchain.

“Some major players, including Elon Musk, are considering issuing their own stablecoins, and Trump’s team sees stablecoins as a way to strengthen the dollar’s status as the global reserve currency,” Chen further explained.

She also discussed the US economy’s situation. America’s Minister of Finance, Scott Bessent, hinted at a controlled economic downturn. If this is true, the expert is sure that Trump’s strategy is clear: blame Biden for the recession, use tariffs and crypto narratives to contain costs and seek to reduce interest rates to stimulate the growth of technology and AI.

“Short-term pain for long-term gain—that’s the plan,” Chen stated.

Since Bitcoin’s position largely depends on macroeconomics, investors have to monitor Trump’s actions.

“Regardless, I don’t see BTC below $70,000, rather $73-78,000, which is a good entry point for those who are hesitant. Within the next 1-2 years, BTC at $200,000 no longer seems impossible,” Chen concluded.