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Gracy Chen, the CEO of Bitget, has given an interview after six months, which provides valuable insights into the current and future trends of the cryptocurrency market. As one of the top leaders in the industry, I believe that the market will continue to move in a specific direction over the next 6-12 months.
Firstly, it is crucial to consider the four-year cycle theory, which suggests that the market’s movement can be predicted based on this cycle. In my opinion, it does not seem to be fully accurate as the market has been defying expectations and moving unpredictably.
Looking at the current trends, I believe that the Bitcoin price will continue to rise in the short-term due to increasing institutional investment, regulatory acceptance, and technological advancements. The potential of reaching $200,000 by 2025 is still on the table, driven by ETF approvals, institutional investments, and geo-political shifts favoring cryptos.
In the long run, as the market matures and scalability solutions improve, I expect the Bitcoin volatility to decrease, leading to a more stable growth. This aligns with my previous predictions that the market will shift towards more rational investment decisions rather than speculation.
Gracy Chen has also shed light on the future of Bitget, which aims to solidify its position as a top player in the CEX market by offering a wide range of products and services, including the BGB token. This move could potentially give it an edge over competitors like Binance.
As always, I urge caution when making any investment decisions and recommend thorough research before investing in any asset class, including cryptos.
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Source: www.bitcoinbazis.hu
