Bitget CEO Sees Bitcoin Near Current Levels at Year-End, Doubts US Will Buy BTC

Bitget CEO Gracy Chen expects Bitcoin to remain broadly around current levels through the end of the year, while the US government's potential Bitcoin purchases remain unlikely within the next two years. Chen analyzed the impact of interest rates and macroeconomic conditions on the crypto market, leaving the outcome of Bitcoin's year-end at $70K uncertain. The US government's efforts to establish a Bitcoin reserve involve significant policy decisions requiring debate among political parties and lawmakers. Chen deemed such purchases 'probably unlikely for now,' forecasting Bitcoin could finish the year $10K-20K above or below current levels, which she described as her 'more responsible' estimate. How will markets react to this development? Further analysis of Bitcoin's liquidity pools and Layer-2 scaling solutions is warranted.