
Gracy Chen, the CEO of Bitget, recently gave an interview after half a year, providing crucial information about the crypto market and the direction it may take in the next 6-12 months. As one of the leading figures in the industry, her insights are particularly valuable.
According to Chen, the market is unlikely to experience another sharp correction like the one we saw earlier this year. Instead, she expects a more stable and steady growth trajectory for the remainder of the year and into 2025.
Regarding the four-year cycle theory that influences the cryptocurrency market’s movements, I don’t entirely agree with it. While I do believe in long-term bullish potential for Bitcoin, driven by factors such as increased adoption, regulatory acceptance, and technological advancements, I think we’ll see a more nuanced picture unfold over the next 18 months.
Looking ahead to 2025, Chen suggests that we may see significant milestones achieved, including ETF approvals, institutional investment, and geopolitically-driven crypto-friendly policies. These factors could potentially push Bitcoin’s price up to $200,000 by then.
In the longer term, as the market matures and scalability solutions improve, I expect volatility to decrease, allowing for more stable growth. This aligns with Bitget’s own strategy to solidify its position in the CEX market by offering a wide range of products and services through its BGB token.
It’s worth noting that Chen emphasized the importance of conducting thorough research and due diligence when engaging with the crypto market, especially during times of heightened uncertainty.
Source: www.bitcoinbazis.hu