Bitget CEO Gracy Chen doesn’t expect Bitcoin to only go up from here. Despite a 20%+ surge last week, she believes the cryptocurrency could drop toward $50,000. Transform Ventures founder Michael Terpin shares this cautious outlook, forecasting a 66% decline from October 2025’s all-time high of $126,100, bringing it down to the $40,000s. Chen hasn’t set a specific timeline for this potential decline, estimating it could happen by year-end or next year. She also doubts Bitcoin will reach $1 million by 2030, citing diminishing returns across four-year cycles. Her personal portfolio is primarily allocated to Bitcoin and the S&P 500, with less than 1% in Ethereum and Solana.
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