Market Analysis

Bitget CEO Says Bitcoin Could Reach $200K by 2025

Amos Simanungkalit · 18 Feb91.2K Views

Image Credit: TheStreet

Gracy Chen, CEO of cryptocurrency exchange Bitget, believes Bitcoin could potentially reach $200,000 by 2025, but she remains cautious about setting overly optimistic expectations. While doubling Bitcoin's current price is not out of the question, she views it as a hopeful target rather than a certainty.

“I think it’s optimistic, probably higher than my personal expectation,” she said in a conversation with Roundtable’s Rob Nelson. “None of us has a crystal ball, and I’m not a so-called predictor. Personally, my strategy is to hold Bitcoin and keep some USDT in hopes of buying Bitcoin at a lower price.”

The discussion around Bitcoin’s potential to hit six figures has been ongoing as the cryptocurrency continues to establish itself as a store of value, financial asset, and technological platform. Nelson pointed out Bitcoin’s multifaceted nature, comparing it to both digital gold and a rapidly developing tech asset. “The utility of the Bitcoin chain, particularly with AI, is becoming increasingly valuable, which will drive up Bitcoin’s value,” he explained.

While Chen sees a $200,000 Bitcoin price as possible, she believes a more realistic target for 2025 would be in the range of $130,000 to $150,000. “It’s possible that Bitcoin could reach $200K, but $150K or even $130K is more likely,” she said, noting that Bitcoin could also drop to as low as $70K.

She pointed out that Bitcoin’s price is highly volatile, often influenced by macroeconomic and political events. For example, after Donald Trump’s reelection in November, Bitcoin’s price surged from $70K to over $90K in just a few days, eventually hitting $100K for the first time in December 2024.

Chen cautioned that Bitcoin could face sharp price fluctuations, especially in price ranges where there has been limited accumulation. "If Bitcoin drops to around $90K or $89K, it could quickly fall to $70K," she warned.

Currently, Bitcoin is trading at $95,449.50, down 0.1% on the day, 1.7% over the past week, and 2.2% in the past month, but still up 8.2% over the past year. Its market cap stands at $1.89 trillion, with $26.17 billion in 24-hour trading volume.