Bitget CEO Gracy Chen says BTC rebound unsustainable, plans to buy near 50000

Gracy Chen, CEO of Bitget, stated that Bitcoin's recent gains are not sustainable and plans to purchase more if BTC drops to around 50000 dollars in the second half of this year or early next year. Chen noted that BTC's recovery to the 79000 dollar level does not indicate the end of the bear market. Chen mentioned that most of her personal portfolio is allocated to Bitcoin and the S&P 500, with altcoins like Ethereum and Solana making up less than 1%. She expressed a favorable view on Hyperliquid while disapproving of memecoins, stating that many investors have lost money and a memecoin frenzy similar to the past is unlikely to return.

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