Bitget CEO Gracy Chen weighs in

Bitcoin had difficulties, recently reaching a minimum of $ 95,000. Investors are now looking for the next major catalyst that could advance the cryptocurrency market.

The CEO of Bitget, Garcy Chen, in a Conversation with Bloombergshared his ideas on potential catalysts to reverse Bitcoin fall price action. Chen stressed that a major factor could be the new American administration under the president Donald Trump. She mentioned that the discussions are underway, but “nothing is concrete” concerning the inclusion of bitcoin in the country’s strategic reserve.

She said that the administration is “still debating if and how” Bitcoin (BTC) can be included in the strategic reserve. Although discussions are underway, Chen warned that expectations should remain measured. She said:

“I did not expect the inclusion of Bitcoin in the strategic reserve to become concrete in the first half of 2025 – or even throughout the year.”

Macroeconomic factors

Asked about the previous catalysts, such as the Bitcoin of 2024 as a major driver, she said that it was not supposed to be a catalyst “because he is already assessed.” Half reduction was a “highly anticipated event” while “unexpected” events are catalysts to increase the price of Bitcoin.

In particular, she believes that macroeconomic conditions, not excessive Bitcoin purchases from Strategy and Other, will play the biggest role in the future of Bitcoin. She highlighted the potential decline in American interest rates and broader tax policies. She said:

“Another key factor that industry is observed is when the United States will start to reduce interest rates and we will see more tax and monetary relaxation.”

Chen on Musk and Trump

Chen also recognized concerns about excessive dependence on political promises to stimulate Bitcoin growth. She pointed out how figures outside of traditional politics, such as Elon Muskplayed an important role in moving cryptographic markets.

“An example I want to mention is Dogecoin. The Dogecoin Prize has been largely influenced by Elon Musk, who is more a businessman than a politician, “she said.

In his opinion, Trump also shares some of these features:

“Personally, I think Donald Trump is also more a businessman than a politician – although he is, of course, both. But as a business manager, I believe that entrepreneurs like Elon Musk and even Trump can lead more change than traditional politicians. »»