Bitcoin Year-End Price Outlook: Bitget CEO Weighs In

Bitcoin Year-End Price Outlook: Bitget CEO Weighs In

Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years.

Bitget CEO: Bitcoin Likely Flat by Year-End, Skeptical on US BTC Buys

Bitget CEO Gracy Chen says Bitcoin’s recent strength may not be enough to break it out of a relatively familiar trading band for the rest of the year. Speaking on Cointelegraph’s Trade Secrets podcast, Chen argued that macroeconomic conditions—especially interest-rate expectations—are likely to remain a major driver of the asset’s direction. Chen cautioned that forecasting whether Bitcoin finishes 2024 above or below the $70,000 level is inheren…

Bitget CEO: U.S. Unlikely To Buy Bitcoin For Strategic Reserve, Despite Executive Order

BitcoinWorld Bitget CEO: U.S. unlikely to buy Bitcoin for strategic reserve, despite executive order Bitget CEO Gracy Chen has cast doubt on the likelihood of the U.S. government actively purchasing Bitcoin for a strategic reserve, according to a report from Crypto Briefing. Chen’s comments come amid ongoing speculation about the government’s role in accumulating the cryptocurrency. Executive order limits scope Chen pointed to an executive orde…

US government unlikely to buy Bitcoin for strategic reserve, Bitget CEO says

The US government's Bitcoin reserve strategy limits market impact, maintaining price stability but curbing potential growth in state-held assets. The post US government unlikely to buy Bitcoin for strategic reserve, Bitget CEO says appeared first on Crypto Briefing.

U.S. Strategic Bitcoin Reserve isn’t buying Bitcoin - it’s just locking it away

When the White House signed an executive order creating a U.S. Strategic Bitcoin Reserve on March 6, 2025, it didn’t just give Washington a new place to park seized crypto. It set the legal boundaries for how far the government can go in adding to its Bitcoin holdings - and, just as importantly,...

EO 14233: What the Strategic Bitcoin Reserve Actually Allows

Trump's executive order ended government Bitcoin liquidations and enshrined BTC as a permanent U.S. reserve asset. Active purchases are a different story.Key takeawaysEO 14233, signed March 6, 2025, directs Treasury to hold all forfeiture-sourced Bitcoin in a permanent Strategic Bitcoin Reserve with a hard no-sell rule.The order does not authorize new taxpayer-funded Bitcoin purchases. That step requires separate legislation, specifically the BI…