Bitget CEO Warns of New Decline in Cryptocurrency Market

Gracy Chen, the CEO of cryptocurrency exchange Bitget, warns that the recent surge in bitcoin does not mean that the problems in the cryptocurrency market are over. According to her, an unexpected event could hit the market hard again. In a conversation on New Era Finance, she describes the current market phase as a 'monkey market', where prices fluctuate without significant changes in the underlying conditions. Chen states that a rapid bitcoin rally does not automatically indicate a lasting recovery and warns of unexpected shocks and the use of excessive borrowed money. She emphasizes that new money and clearer cryptocurrency regulations are necessary for a sustainable recovery. Chen questions the rapid shift from fear to optimism, as there are few fundamental changes to explain this improvement. Political support, such as the cryptocurrency-friendly stance of President Donald Trump, is, according to her, insufficient without the implementation of new cryptocurrency regulations. Chen does not see the current surge as evidence of a new bull market and refers to the well-known four-year cycle of bitcoin, suggesting that 2026 looks more like 2022 than a prolonged increase. She does not rule out a new unexpected event with significant consequences and warns of the risks of trading with high leverage, which can lead to substantial losses with small price declines. For a sustainable recovery, Chen wants to see more than just a few strong weeks, such as a sustained influx of new money and political support.

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