Bitget CEO Sees Bitcoin Range-Bound, Doubts US Government Buys

Bitget CEO Gracy Chen has shared an outlook suggesting Bitcoin is likely to remain relatively close to its present pricing toward the end of the year. Macroeconomic uncertainty is expected to be the primary driver behind this tempered market movement.

Chen projected that the leading cryptocurrency could fluctuate within a $10,000 to $20,000 range relative to its current valuation. Furthermore, she downplayed expectations of the United States government acquiring Bitcoin, stating that official state purchases appear unlikely to happen over the next two years.

During extended periods of market consolidation and macroeconomic uncertainty, maintaining self-custody with a secure hardware wallet ensures you retain full ownership and control over your digital wealth.

Source: Cointelegraph