Bitget CEO Gracy Chen Plans to Buy Bitcoin at $50,000, Calls Rally Unsustainable

Bitget CEO Expects Bitcoin to Drop Before Buying More

Gracy Chen, the CEO of crypto exchange Bitget, says she does not believe the recent Bitcoin rally is sustainable. She plans to buy more Bitcoin when its price drops to around $50,000, possibly later this year or early next year.

Chen currently holds a large portion of her portfolio in stablecoins—digital currencies designed to keep a steady value, often pegged to the U.S. dollar. She is waiting for Bitcoin to fall by more than $25,000 from its current price before increasing her Bitcoin holdings.

Key Details from Chen’s Statements

• Chen’s target buy price for Bitcoin is $50,000.
• She does not predict a specific date for this drop but expects it could happen later in 2026 or early 2027.
• Less than 1% of her portfolio is in Ethereum and Solana, two other major cryptocurrencies.
• She prefers Bitcoin and traditional investments like the S&P 500 over most other cryptocurrencies.
• Chen is bullish on Hyperliquid (HYPE), a smaller cryptocurrency, due to potential regulatory approval in the U.S.

Chen’s View on Bitcoin’s Future Price

Chen does not claim to have special insight into Bitcoin’s price movements. She describes herself as “just an exchange CEO” and says Bitget’s role is to provide a trading platform rather than predict prices.

She doubts Bitcoin will reach $1 million by 2030, pointing to its history of diminishing returns over four-year cycles. She notes that the ratio of Bitcoin’s all-time high to its low in each cycle has been decreasing.

Other Experts Share Similar Expectations

Chen is not the only one expecting a Bitcoin price drop. Michael Terpin, founder of Transform Ventures, has predicted Bitcoin could fall to the $40,000 range before its next major rally. Veteran trader Peter Brandt previously suggested Bitcoin might reach a bottom on October 4, 2026.

What Is Confirmed

• Chen personally plans to buy more Bitcoin at around $50,000.
• She holds most of her portfolio in stablecoins and Bitcoin.
• She does not believe the current Bitcoin rally is sustainable.
• She is skeptical of altcoins, memecoins, and the $1 million Bitcoin prediction for 2030.

What Is Still Unclear

• No specific date or month is given for when Bitcoin might reach $50,000.
• Chen’s prediction is based on personal opinion, not a formal analysis.
• Other experts’ predictions about Bitcoin’s price differ and are also speculative.

Why This Matters for Crypto Investors

Chen’s stance reflects caution among some industry leaders despite Bitcoin’s recent price increase. Her preference for stablecoins and Bitcoin over other cryptocurrencies may influence how investors view market stability. However, her views are personal and not financial advice.

Sources

• Cointelegraph