Bitcoin News

Story: Bitget CEO Gracy Chen Eyes $50,000 Bitcoin Buyback Amid $79,000 Rally

By James Thorp

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Chen Isn't Buying the Rally. Chen doesn't think the recent surge means the bear market is over.

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A Portfolio Built Around Bitcoin and the S&P 500. Her personal holdings are pretty conservative for someone running one of the world's bigger crypto…

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From MIT Sloan to Bitget CEO. Chen's background is genuinely unusual for a crypto CEO.

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Gracy Chen wants more Bitcoin. But not at these prices.

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The Bitget CEO said she's eyeing a personal buyback around $50,000 — a drop of roughly $29,000 from where Bitcoin was trading when she made the comment.

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She's keeping a big chunk of her portfolio in stablecoins in the meantime. Waiting.

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Chen doesn't think the recent surge means the bear market is over. She's been pretty explicit about that.

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She's not alone in the cautious camp, either. Michael Terpin, founder of Transform Ventures, predicted earlier this month that Bitcoin could fall 66% from its October 2025 peak…

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What's clear is that Chen isn't chasing this move.

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Her personal holdings are pretty conservative for someone running one of the world's bigger crypto exchanges. Bitcoin is the core. The S&P 500 is the other major piece.

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See also: Bitget CEO Gracy Chen Predicts Bitcoin Will Remain Stagnant Through Year-End

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There's one exception: Hyperliquid. Chen said she's watching it closely, pointing to its recent price increase and the possibility that it could enter regulated U.S. markets.

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Memecoins? She's skeptical. Chen thinks past cycles burned enough retail investors that another full memecoin season probably won't happen the same way again.

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And on the $1 million Bitcoin target by 2030 — she doesn't buy it. Her reasoning comes back to the four-year cycle pattern.

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Chen's background is genuinely unusual for a crypto CEO. She studied Applied Mathematics at the National University of Singapore, then got an MBA from MIT Sloan School of…

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