EXCLUSIVE: Bitcoin Rally Ahead? Bitget's Gracy Chen Weighs In On Spot ETFs And Cathie Wood's 'Crazy' $1M Target
Portfolio Pulse from Mehab Qureshi
Bitcoin's price is rallying, surpassing $35,000, driven by interest in Bitcoin Spot ETFs and anticipation of the 2024 halving. Gracy Chen, CEO of Bitget, believes the Federal Reserve’s interest rates and the introduction of spot BTC ETFs could heavily influence the BTC price. She also expressed skepticism about Ark Invest CEO Cathie Wood’s prediction of BTC reaching $1 million by 2030, but believes $100,000 is feasible. Bitget has grown to 1,500 employees and its copy trading product has been successful. Chen also expressed interest in layer two solutions and various tokens ranked between 100 to 1,000 market cap.
November 10, 2023 | 11:58 am
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NEGATIVE IMPACT
Bitget listed Floki's TokenFi a week ago, which was later delisted and cited for 'manipulation'.
The news of Bitget delisting Floki's TokenFi due to 'manipulation' could negatively impact the price of Floki.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Gracy Chen, CEO of Bitget, mentioned that she loves Dogecoin.
While the CEO of Bitget expressed her love for Dogecoin, this is a personal sentiment and may not have a significant impact on the price of Dogecoin.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Gracy Chen, CEO of Bitget, mentioned that she loves Shiba Inu.
While the CEO of Bitget expressed her love for Shiba Inu, this is a personal sentiment and may not have a significant impact on the price of Shiba Inu.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Bitcoin's price is rallying due to interest in Bitcoin Spot ETFs and anticipation of the 2024 halving. The Federal Reserve’s interest rates and the introduction of spot BTC ETFs could heavily influence the BTC price.
The news directly discusses the factors influencing Bitcoin's price, including the introduction of spot BTC ETFs and the Federal Reserve's interest rates. This could lead to increased demand and a potential price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100