Cryptocurrency exchange Bitget CEO Gracy Chen believes Bitcoin could hit $200,000 in 2025, but she remains cautious about setting expectations too high.

“Double the current price, meaning $200K for Bitcoin price, is not crazy, but I think it’s optimistic. It’s probably higher than my personal expectation,” Chen said in a discussion with Roundtable’s Rob Nelson. “Again, none of us has a crystal ball here, and I’m not a so-called predictor. But for me, as a personal investor in this space, my current strategy is to hold Bitcoin and also park some USDT to hopefully buy Bitcoin at a lower price.”

Bitcoin’s path to six-figure valuations has been a major discussion point as the asset continues to cement itself as a store of value, a financial instrument, and a growing technological network.

Nelson noted this multifaceted nature of Bitcoin, comparing it to both digital gold and a rapidly evolving technological asset.

“The last piece that I think gets left out is Bitcoin’s also a technology,” he said. “Microsoft is a technology. It’s not a store of value, it’s not a currency. Bitcoin, and you touched on it earlier, as we start finding not just on the Bitcoin chain, but I think particularly with AI, the utility of the Bitcoin chain is really valuable, and I think we’re going to see all that expand the value of Bitcoin.”

Realistic target $130K to $150K in 2025 — Bitget CEO

While Chen acknowledges the potential for Bitcoin to reach $200,000, she sees more realistic targets in the range of $130,000 to $150,000 in 2025.

“I think it’s possible that Bitcoin price in 2025 goes as high as $200K, but probably more possible to hit $150K or even lower, around $130K, to be slightly more conservative,” she said. “But it can also hit some lows to like $70K.”

She pointed out that Bitcoin has experienced rapid price swings, particularly in response to macroeconomic and political events.

“If you look at the previous Bitcoin purchase or trading volume, it went just very quickly from $70K to more than $90K in a few days after Donald Trump was reelected in November. So Bitcoin hit $100K for the first time in its history in December 2024,” she explained.

Chen warned that Bitcoin’s price could experience significant volatility, especially in ranges where there hasn’t been strong accumulation.

“So if Bitcoin sort of goes down from what it is now to maybe $90K or $89K, then it can quickly go down to $70K,” she added.

At the time of writing, Bitcoin is trading at $95,449.50, with a 0.1% daily decline, down 1.7% in the past week, 2.2% in the past month, but still up 8.2% over the past year, with a market cap of $1.89 trillion and $26.17 billion in 24-hour trading volume.