Many experts initially predicted Bitcoin would surge to unprecedented heights in this cycle, potentially exceeding $200,000. However, the crypto market dip in late February and March 2025 prompted many to reconsider these optimistic forecasts.

BeInCrypto Russia recently sat down with Gracy Chen, CEO of Bitget, to get her insights. She revealed her belief that Bitcoin (BTC) still possesses the momentum to not just reach, but surpass the $200,000 milestone.

US Government Might Start Buying Bitcoin Soon – Bitget CEO

Chen highlighted the confusion among many regarding Bitcoin’s recent dip, especially considering the pro-crypto stance of current US President Donald Trump. She pointed out that the idea of creating a strategic Bitcoin reserve is gaining traction in America.

“Currently, the government isn’t buying BTC, but that could change soon. This move would lend significant institutional legitimacy to cryptocurrency and provide lasting price support,” Chen explained to BeInCrypto.

Chen also brought up the topic of stablecoins, referencing a bill currently moving forward in Congress. She sees this as a strong signal of a major shift toward a financial system built on blockchain technology.

“Some major players, like Elon Musk, are thinking about launching their own stablecoins, and according to Chen, Trump’s team views stablecoins as a way to reinforce the dollar’s position as the world’s reserve currency,” Chen further elaborated.

She also addressed the state of the US economy. US Treasury Secretary Scott Bessent recently hinted at a controlled economic slowdown. If this is indeed the case, Chen believes Trump’s strategy becomes clear: to blame Biden for the potential recession, employ tariffs and crypto messaging to manage costs, and aim to lower interest rates to encourage growth in tech and AI sectors.

“Short-term pain for long-term gain—that’s the plan,” Chen stated.

Given Bitcoin’s close ties to macroeconomics, Chen advises investors to keep a close eye on Trump’s actions.

“Looking ahead, I don’t anticipate BTC dropping below $70,000 – more likely it will hover around $73,000-$78,000, which could be an attractive entry point for those on the fence. Therefore, reaching $200,000 for BTC within the next 1-2 years no longer feels out of reach,” Chen concluded.