Bitget CEO Gracy Chen says she will wait for Bitcoin around $50,000

Bitget chief executive Gracy Chen expressed skepticism about the recent surge in Bitcoin’s price, which has climbed to about $79,000. She plans to keep a large portion of her holdings in stablecoins and look for a price drop of roughly $25,000 before adding more Bitcoin to her portfolio.

Target price and timing

Chen indicated that $50,000 is the level she is watching for a personal Bitcoin buy‑back. She did not attach a specific date to that target, suggesting it could occur later in the current year or early next year.

Broader market outlook

Other industry voices share a cautious view. Transform Ventures founder Michael Terpin expects Bitcoin to fall about 66 % from its October 2025 peak of $126,100, potentially bringing the price into the $40,000 range. Veteran trader Peter Brandt has also signaled a possible bottom in early October.

Chen’s investment focus

Despite running a multi‑asset exchange, Chen says most of her personal portfolio is allocated to Bitcoin and the S&P 500. She estimates less than 1 % is in Ethereum and Solana. The only altcoin she highlighted positively was Hyperliquid, which she believes could benefit from a more crypto‑friendly regulatory stance in the United States.

Long‑term Bitcoin expectations

Chen doubts Bitcoin will reach $1 million by 2030, noting that the ratio of all‑time highs to all‑time lows has been shrinking across successive four‑year cycles.

Background

Chen holds a degree in Applied Mathematics from the National University of Singapore and an MBA from MIT Sloan. After early roles in media and entrepreneurship, she entered the crypto sector following a meeting with investor Tim Draper, eventually becoming Bitget’s managing director in 2022 and CEO in 2024.