Gracy Chen, CEO of Bitget, has forecasted that Bitcoin's price will likely stay within the range of $10,000 to $20,000 by the end of this year. This outlook suggests a period of relative price stability for the leading cryptocurrency in the short term, according to CoinTelegraph.
Chen also expressed skepticism about the US government purchasing Bitcoin, stating that such acquisitions are unlikely to occur within the next two years. This perspective points to limited institutional buying pressure from government sources in the near future.
For Japanese investors, this forecast underscores the importance of closely monitoring Bitcoin’s price movements amidst a stable range, especially as regulatory developments and market sentiment in Japan continue to influence crypto trading activity.