Bitget CEO sees Bitcoin near current levels at year-end, doubts US will buy BTC

Bitget CEO Gracy Chen expects Bitcoin to remain broadly around current levels through the end of the year despite its recent surge, citing interest rates and broader macroeconomic conditions as key factors shaping the cryptocurrency’s outlook.Speaking on Cointelegraph’s Trade Secrets podcast, Chen said predicting whether Bitcoin (BTC) will finish the year above or below $70,000 is difficult, pointing to the possibility of higher interest rates as one factor that could pressure prices.Cointelegraph host interviews Bitget CEO Gracy Chen. Source: Trade Secrets“If any of that happens, the price should go down, at least theoretically,” Chen said, adding that BTC has become increasingly integrated with traditional finance and sensitive to broader macroeconomic conditions.“My guess is maybe around the same range,” Chen said, adding that BTC could finish the year $10,000 to $20,000 above or below current levels, which she described as her “more responsible” forecast.Related: Bitcoin rally sends crypto stocks soaring as miners, treasury companies jumpChen sees US Bitcoin purchases as unlikelyChen was also skeptical that the US government will begin purchasing Bitcoin for its national reserv...