Bitget the whole grace chen weighs

Bitcoin is fighting, recently hitting $ 95,000. Investors are now looking for the next main catalyst that could drive the cryptocurrency market forward.

Bitget the whole grace chen, in a Talking with Bloombergshared her insights on potential catalysts to reverse Expert price of bitcoin action. Chen pointed out that one main factor could be the new US administration under the president Donald Trump. She mentioned that discussions are underway, but “nothing is specifically” related to the inclusion of Bitcoin in the country’s strategic reserve.

She said the administration is still discussing whether and how “Bitcoin (Btc) Can be included in the strategic reserve. While during the discussion, Chen warned that expectations should remain measures. She said:

“I didn’t expect Bitcoin to turn on in a strategic reserve to become concrete in the first half of 2025 or even all year round.”

Macroeconomic factors

When asked about previous catalysts, like crossing 2024 Bitcoin as the main driver, she said it didn’t mean it was a catalyst “because it was already appreciated.” The transition was a “very expected event”, while “unexpected” events catalysts for raising the price of Bitcoin.

Mateau, it believes that macroeconomic conditions will not overcome Bitcoin from Like Strategy and others, play the largest role in Bitcoin’s future. She pointed out the potential reduction of American interest rates and wider fiscal policies. She said:

“Another key factor that the industry looks at is when it will now start cutting interest rates and whether we will see more fiscal and monetary loosettes.”

Chen on Musk and Trump

Chen also recognized concern about the oversizing of political promises to drive Bitcoin growth. She pointed out that figures beyond traditional politics, like Elone muskThey played a significant role in the moving markets of Krupto.

“One example I want to bring is Dogecoin. Dogeroin’s price largely influenced Elon Musk, which is a more businessman than a politician,” she said.

In its view, Trump also shares some of these features:

“Personally I think Donald Trump is also a more business man than a politician – although he, of course, both. But as a business leader, I believe that entrepreneurs can drive more changes from traditional politicians.