Bitcoin Can’t Fall Below $70,000: Why Bitget CEO Believes Bitcoin’s Next Target Is $200,000
Many analysts have predicted that Bitcoin (BTC) could hit $200,000 in the current bull run. However, after the sharp decline in the cryptocurrency market from late February to early March 2025, many experts have had to adjust their expectations.
The BeInCrypto Russia team interviewed Gracy Chen, CEO of Bitget. According to Chen, Bitcoin still has enough potential to reach $200,000.
The US Government Could Soon Buy Bitcoin – Bitget CEO Predicts
Gracy Chen has caught the public’s attention by mentioning the Bitcoin price drop, despite the pro-crypto stance of the Trump administration. According to Chen, there is growing support for the creation of a national strategic Bitcoin reserve in the US.
“The government has not purchased BTC as of now, but this could change in the near future. Such a move would give legitimacy to the cryptocurrency institution and support the long-term value of Bitcoin,” Chen told BeInCrypto.
Stablecoins and the Transformation of the US Financial System
Chen also mentioned a stablecoin-related bill being discussed in the US Congress. According to her, the introduction of this bill shows that the US is strongly shifting to a financial system based on blockchain technology.
“A number of major corporations, including Elon Musk, are considering issuing their own stablecoins. The Trump administration also sees stablecoins as a tool to strengthen the US dollar’s position as the global reserve currency,” Chen further explained.
US Economic Situation and Impact on Bitcoin
In the interview, Chen also mentioned the current state of the US economy. US Treasury Secretary Scott Bessent has hinted at the possibility of a controlled recession. If true, Chen believes Trump’s strategy will be clear: blame his predecessor Joe Biden for the recession, while using tariffs and cryptocurrencies to contain costs and support the development of new technologies such as artificial intelligence (AI).
“It will be a period of short-term pain in exchange for long-term gain – that’s Trump’s plan,” Chen said.
Bitcoin Prediction to $200,000 in the Future
Given Bitcoin’s strong dependence on macroeconomic factors, Chen advises investors to keep a close eye on Trump’s moves. Despite the market volatility, she believes Bitcoin will not fall below $70,000, with a stable range of $73,000 to $78,000.
“This is a good starting price for those who are hesitant. In the next 1-2 years, Bitcoin reaching $200,000 is no longer impossible,” Chen confidently concluded.