2026-08-21 CoinTelegraph

Bitget CEO Predicts Bitcoin to Stay Near Current Levels Through 2026

Bitget CEO Gracy Chen expects Bitcoin to trade within a $10,000 to $20,000 range of its current price through year-end, citing macroeconomic uncertainty and the potential for rising interest rates as key factors shaping the cryptocurrency's trajectory. Speaking on Cointelegraph's Trade Secrets podcast, Chen noted that predicting whether BTC will finish the year above or below $70,000 is difficult given Bitcoin's growing integration with traditional finance and its sensitivity to broader market conditions. "If any of that happens, the price should go down, at least theoretically," Chen said, describing her forecast as the "more responsible" position given today's uncertain backdrop.

Chen was also skeptical that the US government will begin actively purchasing Bitcoin for its national reserve before the end of President Donald Trump's term. While the Trump administration established a Strategic Bitcoin Reserve in March 2025 using forfeited BTC, Chen said direct acquisitions would require significant political debate and are unlikely within the next two years. "From a policy perspective, it's probably unlikely," Chen noted, pointing to the bipartisan negotiation such a move would demand despite the administration's broadly crypto-friendly stance.

The US government currently holds an estimated 328,372 BTC, according to BitcoinTreasuries.NET, much of it accumulated through law enforcement seizures and asset forfeitures rather than direct purchases. Chen's comments come amid a broader Bitcoin rally that has lifted crypto-related stocks, including miners and treasury companies, suggesting that institutional sentiment remains cautiously optimistic even as top executives hedge their near-term price expectations.

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