Bitget CEO Gracy Chen shared her views on factors that could influence Bitcoin's price in the future.
New U.S. Administration and Bitcoin
Gracy Chen discussed potential catalysts for Bitcoin growth, including plans from the new U.S. administration under Donald Trump. Though discussions are ongoing about including Bitcoin in the country's strategic reserve, no concrete decisions have been made.
Macroeconomic Factors
Chen pointed out that future macroeconomic conditions, particularly potential U.S. interest rate cuts and changes in fiscal policy, could significantly impact Bitcoin's price. While previous events such as the Bitcoin halving were considered potential drivers, they were anticipated, thus their effects were already priced in by the market.
Musk and Trump's Impact on the Market
Chen also highlighted the impact of prominent figures like Elon Musk and Donald Trump on the crypto market. Musk is known for his influence on Dogecoin's price. Chen believes that entrepreneurs like Musk and Trump can drive more change in the market than traditional politicians.
Various factors impact Bitcoin's price, including political changes and macroeconomic conditions. Despite uncertainties, experts believe figures like Elon Musk and Donald Trump could significantly change the market dynamics.
