BitGet CEO: "Bull market isn't over... rally is coming"

Gracy Chen, CEO of global cryptocurrency exchange BitGet, stated on the 6th that "the (cryptocurrency) bull market is not over."

CEO Chen said through X (formerly Twitter) that day, "The recent market instability has not ended the bull market (for cryptocurrencies)," adding that "rather, another rally is approaching."

She mentioned the fundamentals of major cryptocurrencies including Bitcoin (BTC). CEO Chen said, "The fundamentals of cryptocurrencies are solid," and "adoption rates continue to increase and institutional investors are increasing their holdings." She then diagnosed that "the market still feels unstable because cryptocurrency is no longer just a 'degen playground'," adding that "cryptocurrencies are moving in conjunction with U.S. policies, macroeconomics, and political changes."

She pointed to Trump's second administration as a key variable this year. CEO Chen said, "The biggest variable is still the United States," predicting that "short-term instability is unavoidable as institutions adapt to the regulatory environment along with Trump's policy changes, but the market cycle will not end." She added, "The key factors driving the market in the long term are debt and liquidity," and "the U.S. needs to devalue its debt in the long term, and Bitcoin remains one of the strongest options as a hedge asset."

CEO Chen emphasized again that "the bull market is not over." She said, "However, how quickly or slowly this cycle progresses depends on U.S. policy and the liquidity environment."