Bitget CEO Predicts Bitcoin (BTC) Pullback to $50K Despite Recent Rally

TLDR

Table of Contents

Gracy Chen, Bitget’s CEO, expresses skepticism that Bitcoin’s surge past $79,000 will hold
She intends to increase her personal BTC position if prices decline to approximately $50,000
Her investment portfolio consists primarily of Bitcoin and S&P 500 holdings, with minimal exposure to Ethereum and Solana (under 1%)
Chen backs Hyperliquid while expressing skepticism toward memecoin projects
She dismisses forecasts predicting Bitcoin will hit $1 million by the end of the decade

Gracy Chen, the chief executive of cryptocurrency exchange Bitget, remains unconvinced that Bitcoin’s recent ascent beyond $79,000 marks a definitive reversal of bearish market conditions. In recent statements, she revealed her intention to wait for a substantial pullback to approximately $50,000 before expanding her personal Bitcoin position.

EVERYONE HAS THEIR OWN BITCOIN PLAN

Bitget CEO Gracy Chen is waiting for $50K Bitcoin.

Others are buying now.

And that’s exactly how markets work.

Everyone has a different strategy.

Some people want the perfect entry.

Some people believe time in the market matters more… pic.twitter.com/eA7rLXYFta

— That Martini Guy ₿ (@MartiniGuyYT) August 24, 2026

During a recent interview, Chen characterized herself as simply “an exchange CEO” who is “not particularly good at price analysis.” Nevertheless, she outlined a deliberate personal investment approach: maintaining positions in stablecoins while patiently awaiting more favorable entry opportunities.

The $50K Entry Strategy

While Chen refrained from providing a precise timeline, she indicated her belief that Bitcoin could decline to the $50,000 level sometime in late 2026 or the first quarter of 2027. Such a move would represent a decline exceeding $25,000 from present price levels.

This perspective is shared by other market participants. Michael Terpin, founder of Transform Ventures, has suggested Bitcoin could experience a 66% correction from its October 2025 peak of $126,100, potentially driving prices into the $40,000 territory. Seasoned trader Peter Brandt similarly identified a possible price floor forming around early October.

Chen conceded that Bitcoin might alternatively conclude the year with gains of $20,000 or more. Her commentary was not intended as a crash prediction, but rather as an expression of measured caution.

With Bitcoin advancing over 20% during the past seven days, both retail and institutional participants have taken notice. However, Chen’s perspective suggests concern that this movement may represent a temporary bear market rally rather than the inception of a sustained bullish trend.

Investment Allocation and Cryptocurrency Perspectives

Chen disclosed that her personal investment allocation is concentrated primarily in Bitcoin and S&P 500 index holdings. Her positions in Ethereum and Solana each account for less than 1% of her total portfolio.

She voiced enthusiasm for Hyperliquid, a decentralized finance protocol, stating she maintains a bullish outlook particularly if the Commodity Futures Trading Commission establishes regulatory pathways for its operation within US markets. President Trump noted earlier this week that CFTC chair Mike Selig is actively working on this matter.

On the subject of memecoins, Chen offered unambiguous criticism. She stated her disapproval of such assets and expressed doubt about the emergence of another memecoin-driven market cycle similar to those observed previously. “Retail investors are not stupid,” she remarked, referencing the substantial losses many participants sustained in speculative token investments.

Rejecting the $1 Million Bitcoin Thesis

Chen also weighed in on speculation regarding Bitcoin potentially reaching $1 million by 2030. She does not consider this outcome likely.

Her analysis draws on Bitcoin’s historical four-year cycle patterns. She observed that the ratio between cyclical all-time highs and all-time lows has been consistently declining, indicating progressively diminishing returns with each successive cycle.

This stance contrasts sharply with more optimistic projections from figures like Brian Armstrong and Cathie Wood, both of whom have endorsed the $1 million price target.

Chen assumed the role of Bitget’s CEO in 2024, having initially joined the organization as managing director in 2022. Prior to entering the cryptocurrency sector, she accumulated experience in television and technology industries and established two independent ventures.

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